Motors passenger vehicles sales dipped by a massive (-) 58 per cent with total
sales at a mere 7316 units in August 2019 as compared to 17,351 units in August
2018. For the latest fiscal April to August 2019, the sales decreased by (-)
37per cent at 54,746 units as compared to 87,367 units in the corresponding
period last year.
President, Passenger Vehicles Business Unit, Tata Motors Ltd., “Under the
challenging market situation, we continued to focus on improving retail sales.
Our retail sales were 42% more than offtake and as a result the network stock
came down by over 3000 vehicles. This prepares dealers well for the festival
season. Our prime focus remains on the working capital rotation of the channel.
Our aim is to improve the retail capability, till August 2019, 72 new sales
outlets were added and 3500+ sales executives were recruited.
the onset of the festive season, we will drive positive sentiments with special
offers and several special editions. …We are hopeful that the recently
announced financial package by finance minister will help in improving the
liquidity of market and to reduce the ownership cost. This will certainly help
the industry to revive and drive the growth.”
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