Tata Motors sold a total of 47,862 vehicles in the domestic and international markets in January 2020, registering a decline of nearly 18 percent compared to 58,185 units during the same period in 2019. The total domestic sales too saw a decline of 18 percent in January 2020.
Commercial vehicle domestic sales in January 2020 was ~15% lower than last year. Retail was ahead of wholesale for 7th straight month in a row, helping further stock reduction, as we move closer to BSVI transition. With increasing buying interest, particularly amongst fleet owners, the M&HCV sale in January 2020 was second highest in the last 7 months. In Small commercial vehicles, the buying interest continued to be better than other segments, resulting in a YOY growth of 2%. – Girish Wagh, President, CVBU, Tata Motors
As for the Passenger Vehicles segment, Tata Motors sold a total of 13,894 vehicles in January 2020, a decline of 22 percent compared to 17,826 units sold in January 2019.
We launched Altroz and the refreshed versions of other BS6 models in January. All these products are the safest in their respective segments. Within the 10 days of launch, Altroz has built a strong order book which we are preparing to serve. All our products are now converted to BSVI and our network stock of BSIV is low, we are well placed as per as BS-IV to BS-VI transition. – Mayank Pareek, President, PVBU, Tata Motors
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