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.
Hyundai Motor India Ltd. (HMIL) has announced its new campaign with the 6- and 7-Seater SUV – Alcazar, featuring Shah Rukh Khan and the four 4 Indian Women Cricketers -Smriti Mandhana, Jemimah Rodrigu...
Leading two wheeler automobile manufacturer TVS Motor Company has announced the integration of the innovative location technology, what3words into its customer app – TVS Connect. TVS Connect users ca...
Technology-driven consumer finance NBFC Credit Wise Capital launched its AI backed and WhatsApp integrated bot Twin2.