Tata Motors on Thursday, 2 April, reported a 20 percent decline in total sales during April at 42,577 units as compared to 53,511 units in the same month last year.
The company's passenger vehicle sales in the domestic market declined by 26 percent to 12,694 units last month as compared to 17,235 units in April 2018.
“The industry has recorded degrowth for the tenth consecutive month. Weak consumer sentiments are reflected in this demand degrowth and we have also been impacted,” Tata Motors President Passenger Vehicles Business Unit Mayank Pareek said.
The company said its commercial vehicle (CV) sales in the domestic market stood at 29,883 units in April, down 18 percent from 36,276 units in the same month last year.
“The industry is yet to recover from the revised axle load norms while the postponement of demand due to general elections have also dragged down CV sales,” Tata Motors President Commercial Vehicles Business Unit Girish Wagh said.
Total exports during April stood at 1,402 units, a dip of 53 percent as compared to the same period of last year due to lower off take in markets like Bangladesh, Sri Lanka and the Middle East, the company said.
(At The Quint, we question everything. Play an active role in shaping our journalism by becoming a member today.)