More
    HomeCarTata Motors registered domestic sales fell 35% lower than last year due...

    Tata Motors registered domestic sales fell 35% lower than last year due to COVID-19 outbreak in China

    - Advertisement -
    Tata Motors registered domestic sales fell 35% lower than last year due to COVID-19 outbreak in China | Vandi4u
    Tata Motors Limited registered domestic market sales of 38,002 units in February 2020. The domestic sale fell 35% lower than previous year due to the outbreak of COVID-19 in China and a recent fire incident at one of their strategic vendors affected the vehicle production and wholesale volume. The sales in the domestic & international market, for the month of February 2020, which stood at 40,634 vehicles, compared to 60,151 units during February 2019.
    Domestic Sales Performance
    Tata Motors registered domestic sales fell 35% lower than last year due to COVID-19 outbreak in China | Vandi4u
    Domestic – Commercial Vehicles
    Mr. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. said, “Commercial vehicle domestic sales in February 2020 was ~35% lower than last year. Retail in February was ahead of wholesale by 37%, helping bring down stocks even further to an all-time low. Retail in M&HCV grew by 23% over last month with fleet buyers stepping up purchases. We are on track for the BSVI migration, with BSIV stocks being consumed as per plan and BSVI production initiated. The supply disruptions from the COVID-19 outbreak in China could have some impact on the BSVI transition and all efforts are underway to mitigate it”
    Tata Motors registered domestic sales fell 35% lower than last year due to COVID-19 outbreak in China | Vandi4u
    The total Medium Heavy Commercial Vehicles (MHCVs) sales in February ’20 including MHCV Truck, Buses and International Business stood at 8,830 units compared to 14,468 units last year.
    Domestic – Passenger Vehicles:
    Tata Motors registered domestic sales fell 35% lower than last year due to COVID-19 outbreak in China | Vandi4u
    Mr. Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors Ltd. said,”Our new Altroz received an overwhelming response. Our NEW FOREVER product portfolio has built a strong order book since its launch end of January. However, the outbreak of COVID-19 in China and a recent fire incident at one of our strategic vendors affected the vehicle production and wholesale volume. Multiple actions are being taken to reduce the impact, staying close to our customers by providing transparency of the delivery situation. On a positive note our BSIV vehicle stock is well below the targeted level, we are well placed for the BSIV-BSVI transition and with the strong customer interest in the NEW FOREVER portfolio and a step up in market activation, we are confident of improving our market competitiveness and volume growth in the coming months”
    - Advertisement -

    Related Posts

    Tata Motors Ltd to demerge into two separate listed enitites

    The Board of Directors of Tata Motors Limited (TML), at its meeting today, has approved the proposal of demerger of Tata Motors Ltd into...

    Tata Motors delivers 100 electric buses to Assam State Transport Corporation (ASTC)

    Tata Motors, India’s largest commercial vehicle manufacturer, today announced that it has supplied 100 electric buses to Assam State Transport Corporation (ASTC). The 9-metre, air-conditioned Tata Ultra electric...

    Upcoming Tata Avinya to be based on JLR’s EMA platform

    Tata Passenger Electric Mobility Ltd (TPEM) and Jaguar Land Rover Plc (JLR), both 100% subsidiaries of Tata Motors Limited (TML), have entered into a...

    Tata Motors delivers 400 Starbus EVs to Delhi Transport Corporation (DTC)

    Tata Motors, India’s largest commercial vehicle manufacturer, has supplied 400 state-of-the art Starbus EV buses to the Delhi Transport Corporation (DTC), via its subsidiary...