-5.45 (-1.68%) Tata Motors has registered a drop of 4% in its domestic sales at 50,470 units in November 2018, as against 52,464 units over last year. The company’s Commercial Vehicles (CV) domestic sales declined in November 2018 at 33,488 units, by 5%, compared to 35,307 units sold last November. The M&HCV truck segment declined by 24%, at 9793 units, compared to 12,851 units over last November.
The company’s Passenger Vehicles (PV) domestic sales witnessed only a marginal drop of 1%, at 16,982 units, as compared to 17,157 units sold in November 2017. The company’s sales from exports (from CV and PV) in November 2018 was at 4,604 units as against 4,927 units in November 2017, lower by 7%.
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.