Mumbai, October , 2019: Tata Motors Limited today announced its sales in the domestic & international market, for the month of September 2019, which stood at 36,376 vehicles, compared to 69,991 units during September 2018.
Domestic Sales Performance:
Sept '19
Sept '18
% Change
FY20
FY19
% Change
Total Domestic Sales
32,376
64,598
-50%
226,333
339,352
-33%
Domestic
- Commercial Vehicles:
According
to Mr. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors
Ltd., “With the ongoing subdued demand, we continued our
focus on system stock correction by driving retail and aligning production.
Retail sales are estimated to be ahead of wholesale by over 16% in September
and over 27% in Q2, reducing the overall stock level to the lowest for the last
6 quarters. We are monitoring the impact of the relief package announced by the
Government, and look forward to improved demand from revival in consumption and
spend in infrastructure projects.”
Category
Sept '19
Sept '18
% Change
FY20
FY19
% Change
M&HCV
5,082
16,239
-69%
42,331
77,163
-45%
I
& LCV
3,528
5,465
-35%
22,000
26,492
-17%
SCV
& Pick up
13,510
19,846
-32%
77,314
99,946
-23%
Passenger
Carriers
2,159
4,619
-53%
21,845
28,886
-24%
Total
Domestic
24,279
46,169
-47%
1,63,490
232,487
-30%
CV
Exports
3,800
5,250
-27.6%
15,469
26,912
-42.5%
Total CV
28,079
51,419
-45.4%
1,78,959
2,59,399
-31.0%
Total
MHCVs sales including MHCV Truck, Buses and International Business stood at
7,055 units compared to 19,441 units last year.
Domestic
- Passenger Vehicles:
According to Mr. Mayank Pareek, President, Passenger Vehicles Business
Unit, Tata Motors Ltd.,
“Towards the end of the month, there was an encouraging
response in terms of customer foot falls. The customers have responded well to
our festive offers as reflected in 11% more retail in September 2019 compared
with August. However, the industry continued to decline in September.
Our focus continued to be on
retail in line with our strategy of New Paradigm. In September 2019, our retail
was 31% more than offtake as a result dealer stock came down by around 10%.
During H1 of FY19, network stock has been reduced by 21%, lowest in last 10
quarters. This helped in rotation of dealer working capital and preparing the
network for the upcoming festival season.
With continued focus on the
retail capability enhancement, we have added 82 sales outlet and 3000+ sales
executives in the system in this fiscal. Our new launches, Harrier Dark Edition
and Nexon KRAZ+ received encouraging response. We are hopeful that the upcoming
festival season will bring positive momentum in the market and we are prepared
to embrace it.”
Category
Sept '19
Sept '18
% Change
FY20
FY19
% Change
Total PV
8,097
18,429
-56%
62,843
106,865
-41%