Tata Motors sold a total of 39,152 vehicles in the domestic market in October 2019, registering a 32 percent decline compared to 57,710 vehicles in the same period last year. With 13,169 units sold during the festive season, the Passenger Vehicle segment saw a decline of 28 percent compared to 18,290 units in October 2018.
Customer response was positive to festive offers and our new product launches like Harrier Dark edition and Nexon Kraz+. In October retail sales were the highest in this fiscal recording a 70% increase month-on-month. In this fiscal, network stock has been reduced by 38%. October end network stock is the lowest in last two years. This will help our network to be prepared for a smooth BS6 transition. – Mayank Pareek, President, PVBU, Tata Motors
The Commercial Vehicle domestic sales too saw a decline of 34 percent in October 2019. At 2,019 units, the CV exports declined by 54 percent compared to 4,393 units in October 2018.
Retails in October were 24% ahead of wholesale. Additionally, wholesales improved by 7% over September. The enquiries have increased compared to last month in M&HCV and I&LCV, with fleet owners initiating discussions for replacement of older vehicles. We will continue our focus on system stock reduction as we prepare for the BS6 transition. – Girish Wagh, President, CVBU, Tata Motors
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