Motors Limited recorded a massive (-) 87 per cent fall in sales of commercial
vehicles for the month of March 2020 at a mere 7123 units in March 2020 as
compared to 56,536 units for March 2019. As for the financial year 2019-20, the
company sold 340700 units as compared to 519777 units, a fall of (-) 34 per
cent. The biggest slump was in the Medium & Heavy commercial vehicles
segment which saw a (-) 90 per cent slump in March 2020 sales.
M&HCVs sales in FY20 including M&HCV Truck, Buses and International
Business stood at 98,579 units compared to 1,86161 units in FY19.
I & LCV
SCV cargo and pickup
Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. said,
“Cumulatively, commercial vehicle domestic sale for FY20 at 3,10,855 units was
-34% lower than FY19. Retail was 16% higher than offtake for the entire
year. Domestic sales in March 2020 was
5,336 units, deeply impacted by the COVID19 lockdown as well as the planned
transition to BSVI. Retail sales was significantly ahead of wholesales
(>300%).Almost all BSIV vehicles in the ecosystem have been retailed,
however, some await registration which was halted due to the lockdown. This will
be cleared in the window provided. Production of BSVI vehicles was on track and
we have wholesaled the initial few BSVI vehicles. Our focus is to secure the
extensive business continuity plan including ensuring full support to all our
customers in need, particularly those who are transporting the essential goods
during this challenging period.”
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