Tata Motors Released their Sales Report of March 2020
News Desk, News Nation 360 : Tata Motors Limited announced its sales in the domestic & international market, for the month of March 2020, which stood at 12,924 vehicles, compared to 74,679 units during March 2019. In Domestic - Commercial Vehicles Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. said that cumulatively, commercial vehicle domestic sale for FY20 at 3,10,855 units was -34% lower than FY19. Retail was 16% higher than off-take for the entire year. Domestic sales in March 2020 was 5,336 units, deeply impacted by the COVID 19 lockdown as well as the planned transition to BSVI. Retail sales was significantly ahead of wholesales (>300%). Almost all BSIV vehicles in the ecosystem have been retailed, however, some await registration which was halted due to the lockdown. This will be cleared in the window provided. Productionization of BSVI vehicles was on track and they have wholesaled the initial few BSVI vehicles. Their focus is to secure the extensive business continuity plan including ensuring full support to all their customers in need, particularly those who are transporting the essential goods during this challenging period. Total M&HCVs sales in FY20 including M&HCV Truck, Buses and International Business stood at 98,579 units compared to 1,86161 units in FY19. Domestic - Passenger Vehicles Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors Ltd. said that vehicle sale was affected by the COVID 19 outbreak and the subsequent nationwide lockdown. However, the customer response to their newly launched models – the Altroz and the refreshed BSVI range is encouraging. Their BSIV vehicle stock is near zero in the entire network. He would be handing over to Shailesh Chandra who he is sure will take the PV team and the business to the next level, by delivering an exciting customer experience and building on the strength of the NEW FOREVER product portfolio.
Report : Anustup Kundu