MUMBAI: Tata Motors has revealed that they faced a 43% decline in domestic sales during the month of February if compared in terms of year on year basis. The reports were announced on Sunday, 1 March 2020. The total units sold remain 38,002.
'During February 2019, the company sold 57,221 units.
Sales in India for commercial vehicles have gone through a downfall by 35% to 25,572 units within the month, which was under review. 39,111 units were sold the previous year during this very time period, the company mentioned at a regulatory filing.
25,514 units of commercial vehicles got exported by the company last month, which was only 9 % short as compared to the year on year basis. The total number of commercial sales that occurred in the month of February, this year was at 28,086 units, while a year ago the company sold 41,882, meaning there was an evident slump of 33%.
The president of the Commercial Vehicle Business Unit from Tata Motors, Girish Wagh said, "Commercial vehicle domestic sales in February 2020 was 35 per cent lower than last year. Retail in February was ahead of wholesale by 37 per cent, helping bring down stocks even further to an all-time low. Retail in M&HCV (medium and heavy commercial vehicle) grew by 23 per cent over last month with fleet buyers stepping up purchases. We are on track for the BS-VI migration, with BS-IV stocks being consumed as per plan and BS-VI production initiated."
Wagh also informed that the problems caused due to the coronavirus epidemic can cause a decline in the transition period of BS 6 compliant engines. Therefore measures are being taken to moderate the influence.