Tata Motors domestic sales dip

The cumulative sales for the domestic market (April-November 2018) was at 447,532 units compared to 344,137 units over last year, a growth of 30%. Tata Motors’ Commercial Vehicles (CV) domestic sales declined in November 2018 at 33,488 units, by 5%, compared to 35,307 units sold last November. Cumulative sales for the fiscal (April-November 2018) at 305,395 have grown by 33%, compared to 229,088 units sold last year same period.

The Passenger Vehicles (PV) domestic sales witnessed only a marginal drop of 1%, at 16,982 units, as compared to 17,157 units sold in November 2017. Cumulative sales growth of PV in the domestic market for the fiscal (April-November 2018) were at 142,137 units, a growth of 24%, compared to 115,049 units, in the same period, last fiscal.

Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd said, “November 2018 was challenging for the industry due to low consumer sentiments as a result of liquidity tightening in the market, higher interest rates and rising fuel costs. In certain cases, small operators’ profitability was impacted due to reduced freights on account of the benefits passed by large operators from the GST related credit.”

Mayank Pareek, President, PV Business Unit, Tata Motors Ltd said, “the consumer sentiment was muted in November. While this has impacted the overall industry in a major way, we saw a marginal impact.”