Tata Motors registered domestic sales of 38,057 units in November
Mumbai/IBNS: Automobile major Tata Motors Limited on Sunday announced its sales in the domestic & international market, for the month of November 2019, which stood at 41,124 vehicles, compared to 55,074 units during November 2018.
According to Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd., “As we move closer towards BSVI transition, focus continues to be gradual stock reduction, with retail sale in November being higher than whole sale by over 10%. Medium and Heavy Commercial vehicle sales grew by 23.6% over previous month, as enquiries continue to increase gradually, with fleet owners realizing the economic benefits of replacement of their older vehicles. Overall system stocks being at a multi-quarter low, coupled with increasing enquiries for replacement demand, will help firm-up volumes and realizations in next few months."
Total M&HCVs sales in November including M&HCV Truck, Buses and International Business stood at 7,736 units compared to 13,162 units last year.
According to Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors Ltd., “After an encouraging festival period, in November, industry declined sharply. In addition, industry is also preparing for the BSVI transition."
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