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Hero Honda + Tata Motors Sales Skid

August 2, 2007

Auto sales have been on a decline. Sales of Bike Major Hero Honda was down from 2,35,314 sold in June-06 to 2,01,191 units in July 2007. A decline of 14.5%.

Hero Honda Net profit dipped 20.14% to Rs 189.84 crore in Q1 June 2007 over Q1 June 2006. Sales inched up 3.3% to Rs 2447.99 crore in Q1 June 2007 over Q1 June 2006.

Tata Motors’ vehicle sales fell 6.6% in July 2007 to 42,098 units over July 2006. Sales of commercial vehicles dropped 3.8% to 20,705 units in July 2007 over July 2006. Exports fell 17% to 4,382 units.

Net profit rose 22.2% to Rs 466.76 crore in Q1 June 2007 over Q1 June 2006. Sales moved up 4.7% to Rs 6056.82 crore in Q1 June 2007 over Q1 June 2006.

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