Tata Motors sells 5676 units of passenger vehicles, degrowing (-) 68 per cent

Like all vehicle manufacturers in the country, Tata Motors too posted miserable sales for its passenger vehicles for the month of March 2020. The company sold 5676 units as compared to 17810 units in March 2019. This meant a whopping (-) 68 per cent fall. As for the entire fiscal 2019-20, the company sold 131197 units as compared to 210143 units the previous fiscal, thereby registering a (-) 38 per cent fall.

Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors Ltd. said, “Vehicle sales were affected by the COVID 19 outbreak and the subsequent nationwide lockdown. However, the customer response to our newly launched models – the Altroz and the refreshed BSVI range is encouraging. Our BSIV vehicle stock is near zero in the entire network. I would be handing over to Mr. Shailesh Chandra who I am 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.”

Tata Motors also announced that in continuation of its drive to focus on retails and drive ecosystem viability, Tata Motors will henceforth stop reporting monthly wholesale numbers from next month (ie April 2020) and instead report quarterly wholesale and retail numbers.

“In the current volatile scenario, we believe this helps us take the right long-term decisions for the business, helps our dealers to focus on serving customers and helps our investors to focus on the long term drivers of the business and avoid needless short term volatility,” the Tata Motors press statement said.