Tata Motors commercial vehicles sales decline by (-) 45 per cent

Tata Motors commercial vehicles sales declined by (-) 45 per cent at 21824 units in August 2019 as compared to 39859 units in August 2018. The worst hit was medium and heavy commercial vehicles at 5340 units in August 2019 as compared to 12,715 units in August 2018. The M&HCV sales fell by (-)58 per cent.

 Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors said, "Subdued demand sentiment due to poor freight availability, lower freight rates and general slowdown in economy continued to hamper the commercial vehicle demand. System stock reduction through retail focus and aligning production, will continue to be our approach, while cautiously monitoring the market, in these challenging times. As a result, retail sales are estimated to be ahead of wholesale by over 25% in August. We are looking forward to a positive impact of the recently announced stimulus package by the Government."