Tata Motors Sales Drops By 18 Percent In January

Tata Motors has announced its sales in the domestic & international market, for the month of January 2020, which stood at 47,862 vehicles, compared to 58,185 units during January 2019.

Total domestic sales were down 18% at 45,242 units as compared to 54,915 units in January last year.

Passenger vehicle sales in the domestic market during the month stood at 13,894 units as against 17,826 units in the same month of the previous year, down 22 per cent. 

Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. said, “Commercial vehicle domestic sales in January ’20 was ~15% lower than last year. Retail was ahead of wholesale for 7th straight month in a row, helping further stock reduction, as we move closer to BSVI transition. With increasing buying interest, particularly amongst fleet owners, the M&HCV sale in January’20 was second highest in last seven months. In Small commercial vehicles, the buying interest continued to be better than other segments, resulting in a y-o-y growth of 2%.” 

Total MHCVs sales in January including MHCV Truck, Buses and International Business stood at 9,706 units compared to 14,256 units last year. 

Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors Ltd. said, “We launched Altroz and the refreshed versions of other BS6 models in January. All these products are safest in their respective segments. We are confident that this NEW FOREVER portfolio of Tata Motors will set new industry standards. Within the 10 days of launch, Altroz, has built a strong order book which we are preparing to serve. All our products are now converted to BSVI and our network stock of BSIV is low, we are well placed as per as BSIV to BSVI transition.