India's Tata Motors January sales down 29.5 percent
Feb 1 (Reuters) - Tata Motors Ltd's vehicle sales in January: Jan 2013 Jan 2012 pct change TOTAL SALES 61,660 87,465 -29.5 PASSENGER SALES 57,780 80,382 -28.1 EXPORTS 3,880 7,083 -45.2 NOTE: Tata Motors makes both commercial vehicles and passenger cars, including the ultra-cheap Nano. The figures exclude sales by the company's British Jaguar and Land Rover businesses.
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Surprise Rate Cut
The Reserve Bank of India (RBI) lowered its policy repo rate by 25 basis points to 7.5 percent on Wednesday, its second inter-meeting cut this year on the back of easing inflation and what it said was the "weak state" of parts of the economy. Full Article