Markets likely to open on a subdued & negative note

Tata Motors reported a 40.64per cent increase in its total vehicle sales during November, 2011, at 76,823 units as against 54,622 units in the same month last year. This was majorly due to an 81 per cent jump seen in the passenger vehicle segment which stood at 27,737 units in November this year against 15,340 units in the same month last year.

The country's largest car-maker Maruti Suzuki India witnessed its sales drop by 18.46per cent to 91,772 units as against 112,554 units sold in the same month last year. The company which has recently emerged from its recent worker’s strike related crisis saw both its exports and domestic car sales take a beating in the month of November 2011. While the exports recorded a drop of 11.43 per cent in sales as compared to last year same month, the domestic car sales fell by 19.15 per cent in comparison to last year’s figures.

Chennai-based two-wheeler maker TVS Motor Company reported an 11.78 per cent increase in its total vehicle sales in November at 175,535 units as against 157,041 units sold in the same month last year. While two wheeler sales grew by 12.31 per cent to 172,829 units from 153,882 units in the year-ago period, the three wheeler segment sales of the company went down by 14.34per cent to 2,706 units from 3,159 units in the same month of 2010.

The country's largest two-wheeler maker Hero MotoCorp has reported a 27.39 per cent jump in its sales to 536,772 units as against 421,366 units it sold in the corresponding month last year.

Cement maker ACC reported an over 5 per cent increase in sales for the month of November at 1.83 million tonne as against 1.74 million tonne cement sold in the same month last year. Production also rose to 1.83 million tonne in November this year compared to 1.76 million tonne in the corresponding month last year. The company’s cumulative sales during the January-November period of the current year stood at 21.59 million tonne over 19.24 million tonne in the year-ago period. Cumulative Production also grew to 21.63 million tonne as against 19.31 million tonne recorded in January-November period of the last year.

Auto major Mahindra & Mahindra's Farm Equipment Sector (FES) division has reported a 2.59 per cent fall in tractor sales to 17,527 units in November 2011 as against 17,993 units sold in the corresponding month last year. Domestic sales declined by 4.71 per cent on a yoy basis but the export sales rose by 32.81 per cent at the same time.

Auto division of Mahindra & Mahindra reported a 52.71 per cent rise in vehicle sales to 40,722 units in November, 2011 as against 26,666 units sold in the same month of 2010. Both the exports and domestic sales reported a robust 71 per cent and 52 per cent rise in sales on a yoy basis.