Tata Motors’ Commercial and Passenger Vehicles Business sales in the domestic market witnessed a drop of 3% at 57,221 units as against 58,993 units sold over last year as weak consumer sentiments continued in February 2019. The cumulative sales for the domestic market (April 2018 -February 2019) grew by 18% with 610,108 units as compared to 517,198 units over the same period last year.
The company’s Commercial Vehicles (CV) domestic sales declined by 5% in February 2019 at 39,111 units, compared to 41,222 units sold last year. The M&HCV truck segment declined by 18%, at 12,437 units, compared to 15,241 units sold in February 2018, due to low demand as a result of the revised axle load norms.
The PV domestic sales witnessed, a growth of 2%, at 18,110 units, as compared with 17,771 units sold last year on the back of good demand for its new generation vehicles. The company’s sales from exports (from CV and PV) in February 2019 was at 2,930 units, lower by 39% over last year.
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.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 348.05 |
| Maruti Suzuki | 13052.95 |
| Mahindra & Mahindra | 3051.00 |
| Hyundai Motor India | 1803.00 |
| Mercury Metals | 33.48 |
| View more.. | |
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