Tata Motors passenger vehicles sales dip 58 per cent at 7316 units for Aug 2019

Tata 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.

MayankPareek, 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.

“Marking 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.”