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Tata Motors commercial, passenger vehicles sales down in April month

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Tata Motors, passenger vehicles, commercial vehicles, domestic vehicles, April month, Business news, Automobile news, Car and bike news

Mumbai: Auto major Tata Motors on Thursday said its April commercial and passenger vehicles sales in the domestic market witnessed a drop of 20 per cent to 42,577 units from 53,511 units sold in the same period last year.

According to the company, weak consumer sentiments continued to hamper sales.

 

Tata Motors, passenger vehicles, commercial vehicles, domestic vehicles, April month, Business news, Automobile news, Car and bike news

 

The company’s passenger vehicles’ domestic sales witnessed a decline of 26 per cent, at 12,694 units, as compared to 17,235 units sold in the like period of last year.

“The ongoing general elections also impacted demand generation in the market,” the company said in a statement.

 

Tata Motors passenger vehicles, commercial market sales in down during April:

 

In the commercial vehicles segment, its domestic sales declined by 18 per cent in April to 29,883 units from 36,276 units sold during the corresponding period of 2018.

 

Tata Motors, passenger vehicles, commercial vehicles, domestic vehicles, April month, Business news, Automobile news, Car and bike news

 

The company’s sales from exports (from both commercial and passenger vehicles) in the last month were at 1,402 units, lower by 53 per cent over last April.

“Several factors like high stocks in Bangladesh because of the contraction in retails during the last quarter due of elections, security concerns in Sri Lanka and slump in Middle East have affected the overall industry volumes in these markets,” the company said.

 

Automobile

2 Lakh jobs cut in Automobile sector

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New Delhi: Federation of Automobile Dealers Association (FADA) claims that around 2 lakh jobs will be cut across Automobile Industry in last 3 months. “The majority of job cuts have happened in the last three months. It started around May and continued through June and July,” FADA president Ashish Harsharaj Kale.

With no immediate signs of recovery, FADA says that more jobs may have to be cut down because of constant shutting down of the Automobile Dealership centers. The main reason behind this is the cut down of sales in past three months.

According to Ashish Harsharaj, the two lakh jobs cuts in the last three months are over and above the 32,000 people who lost employment when 286 showrooms were closed across 271 cities in the 18-month period which ended in April this year.

Around 2.5 million people were employed directly through around 26,000 automobile showrooms operated by 15,000 dealers. Another 2.5 million are indirectly employed in the dealership ecosystem, Ashish added.

As per Society of Indian Automobile Manufacturers (SIAM) figures, vehicle wholesale across all categories declined by 12.35% to 60,85,406 units in April-June against 69,42,742 units in same period of last year. Passenger vehicles (PV) segment has been the worst hit with sales continuing to decline for almost a year now. In July, market leader Maruti Suzuki reported a 36.3% drop in its domestic PV wholesales, while Hyundai saw a dip of 10%. M&M sales were down 16%, Tata Motors’ PV sales fell 31% while that of Honda Cars India Ltd (HCIL) also came down 48.67% during the month.

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