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Tata Motors reports 8% decline in domestic sales in December

01 Jan 2019 Evaluate

Tata Motors has registered a drop of 8% in its domestic sales at 50,440 units in December 2018, as against 54,627 units over last year. The company’s Commercial Vehicles (CV) domestic sales declined in December 2018 at 36,180 units, by 11%, compared to 40,447 units sold last December. The M&HCV truck segment declined by 27%, at 11,506 units, compared to 15,828 units over last December.

The company’s Passenger Vehicles (PV) domestic sales witnessed only a marginal rise of 1%, at 14,260 units, as compared to 14,180 units sold in December 2017. The company’s sale from exports (from CV and PV) in December 2018 was at 3,999 units as against 6,293 units in December 2017, lower by 36%.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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