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Tata Motors’ Commercial and Passenger Vehicles Business sales in the domestic market in May 2019 at 40,155 units witnessed a drop of 26%, as against 54,290 units sold in May 2018, as market sentiments continued to be muted.
Tata Motors Commercial Vehicles (CV) Business sales in the domestic market in May 2019, at 29,329 units registered a drop of 20% compared to 36,806 units sold last May as the sentiments remain weak due to depressed freight rates and underutilization of truck(s). A slowing economy and stagnant industrial output have also dragged down CV sales in recent months.
The M& HCV sales in the domestic market in May 2019 declined by 38%, at 7,683 units, compared to 12,424 units sold in May 2018. The I& LCV truck sales in May 2019 recorded a marginal decline by 2% at 4,043 units as compared to 4,106 units sold in May 2018 as this segment has been relatively less affected by the revised axle load norms. Besides, the company’s sales from exports (CV and PV) in May 2019 was at 1,563 units, lower by 58% over last May.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa, and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.