Tata Motors’ December domestic sales down 8 pc

“During the month, consumer sentiment remained slightly subdued as the customer was still waiting to see a sustained level of improvement in factors like fuel prices and profitability before deciding to further invest in new vehicles,” it quoted Girish Wagh, President, Commercial Vehicles Business, Tata Motors, as saying.

In the commercial vehicle segment, the company sold 36,180 units during the period under review, 10.6 per cent lower than 40,447 units sold during the corresponding period of financial year 2017-18. “In December 2018, liquidity crisis in the industry, higher interest rates and rising fuel costs continued to impact the commercial vehicle sales, with MHCV and ILCV segment witnessing a decline while the passenger vehicle business bounced back,” said the statement.