Even with the Harrier doing quite well, Tata Motors sales report for the month of June still reports a 27% decline in sales from June, last year.
Another month goes by and car sales still seem to be in an all-time low. Tata Motors, India’s own homegrown manufacturer have announced their sales report for the month of June and yet again, its not positive. Tata Motors recorded a decline of 27% in June 2019 selling 13,351 units of passenger vehicles in the domestic market in June 2019 as compared to 18,213 units sold in the same period last year.
The cumulative sales for Tata Motors in the domestic market from April 2019 to June 2019, stood at 36,945 units of vehicles. That’s a drop of 30% compared to 52,937 units of vehicles that the company sold in the same period last year. As for commercial vehicles, domestic sales at 35,722 units registered a drop of 7% as against 38,560 units sold in June 2018.
Interestingly, the commercial passenger carrier segment sales was at 6,706 units, witnessed an increment of 17%, over June 2018. But again exports were low. The company’s sales from exports (from CV and PV) in June 2019 was at 2,702 units, lower by 48% over June 2018, due to drop in retails in Bangladesh, Nepal & Middle East markets.
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Sibendra Barman – Vice President, Sales Marketing and Customer Support, Passenger Vehicle Business Unit (PVBU), Tata Motors said, “Auto Industry has been de-growing for the past 4 quarters. Customer sentiments remained low due to the overall slowdown in economic growth. Consumer expectations on revised GST rate on cars and limited liquidity availability kept them from firming their buying decision this month. We expect to see a growth in demand in the coming few months and are well equipped to deliver the best to all.”
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Almost all car manufactures have reported a decline in their sales report for the month of June other than Mahindra. However, Tata Motors and most other manufacturers are positive about the market conditions to improve in the coming few months. Meanwhile, Tata is prepping for the launch of the upcoming Altroz premium hatchback and that should help them gain some sales as this segment is quite competitive.
