Tata Motors Passenger Vehicles Ltd.

Tata Motors expects to see subdued growth in vehicle sales until the middle of next fiscal. Cumulative sales (including exports) of the company in the current fiscal amounted to 6,26,770 vehicles, a growth of 11 per cent from 5,67,004 last year. According to the Society of Indian Automobile Manufacturers, the passenger vehicles segment grew marginally by 0.49 per cent during April-December, 2011. Passenger cars recorded de-growth of (-) 2.28 per cent, utility vehicles grew by 12.67 per cent and vans grew by 7.72 per cent in this period. However, overall passenger vehicles growth was 8.85 per cent in December, 2011. The company is expanding the dealership network for the Nano in semi-urban and rural areas, as per its strategy. The company has 250 full-range dealerships and 105 exclusive outlets for the Nano, besides 29 dealers for utility vehicles.