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Filed under: Budget, Plants/Manufacturing, Earnings/Financials, Tata

2011 Tata Nano CX

2011 Tata Nano CX – Click above for high-res image gallery

The Tata Nano has enjoyed an increase in sales in the last couple of months, reportedly sparking Tata Motors to double production of its budget-minded microcar this fiscal year. In March, the Indian automaker moved 8,707 examples, pulling to within spitting distance of its 9,000-unit sales record for July, 2010.

After a summer selling record numbers, the Nano’s sales plummeted to just 589 in November, following numerous reports that alleged that the cars were mysteriously bursting into flames. After the mysterious fires, Tata offered free extended warranties on the cars, up to 90 percent financing on easy terms, and a comprehensive maintenance plan at just 99 rupees a month (about $2.25 U.S.).

The incentives seem to have struck a chord with buyers, and the Nano is right back where it was a year ago. Currently, Tata is building 9,000-10,000 cars a month at its Sanand, India plant, and had planned to increase that rate to 15,000 this fiscal year. In light of the sales spike, though, that number was bumped to 18,000 to 20,000 units a month.

Gallery: 2011 Tata Nano CX: Quick Spin

[Source: The Hindu Business Line]

Report: Tata to double Nano production amidst sales uptick originally appeared on Autoblog on Fri, 08 Apr 2011 14:31:00 EST. Please see our terms for use of feeds.

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Filed under: Car Buying, Convertible, Performance, Chevrolet

2010 Chevrolet Corvette Convertible Grand Sport

2010 Chevrolet Corvette Convertible Grand Sport – Click above for high-res image gallery

According to Automotive News, General Motors has seen Corvette sales increase slightly after months of decline. The General’s sports car saw sales jump by 13 percent in both January and February compared to the same months one year ago. All told, Chevrolet saw 955 Corvette models slip off of dealer lots in the first two months of 2011. That’s good news for General Motors. Well, maybe good is too strong of a word.

See, Corvette sales haven’t exactly been breaking any records as of late. Automotive News reports that, since 2006, the vehicle’s sales have been in a steady state of freefall. In fact, back then Corvette models were selling at a rate of roughly 3,000 units per month for a total of 36,518 vehicles. Last year, that figure was just 12,624.

So, why the slump? It’s no secret that C6 Corvette is growing long in the tooth. The latest generation of the baddest Bow Tie was introduced in 2006, and muscle cars like the Chevrolet Camaro, Dodge Challenger and Ford Mustang are now flexing similar power figures for significantly less cash. While it’s true that neither of those offerings can deliver the kind of handling that the still-wicked Corvette serves up, the majority of the population simply doesn’t care.

Gallery: Review: 2010 Chevrolet Corvette Grand Sport Convertible

[Source: Automotive News – sub. req.]

Report: Corvette sales enjoying modest uptick after years of ‘freefall’ originally appeared on Autoblog on Wed, 09 Mar 2011 18:31:00 EST. Please see our terms for use of feeds.

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