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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

Maruti Suzuki launched vehicle lease subscription service.

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  • Maruti and Orix Auto ties up offer vehicle lease subscription service.
  • Maruti will initially start this pilot project only in Gurugram and Bengaluru.

Maruti Suzuki India has launched a vehicle lease subscription service for individual customers, christened as Maruti Suzuki Subscribe. The company has tied up with Orix Auto Infrastructure Services to launch the service for the Indian market.

Through this service, Maruti Suzuki would offer cars for subscription as a pilot project in Gurugram and Bengaluru. Models available under the subscription service will be initially limited to the Maruti Suzuki Swift, Dzire, Vitara Brezza and Ertiga from the Arena channel. Under the Nexa channel, the brand will offer models such as the Baleno, Ciaz and XL6 for subscription based services.

Customers can choose subscription for a period of 24 months, 36 months or 48 months under the program. The payment will include usage of the vehicle, maintenance and other common services related to the vehicle ownership. The subscription charges cover annual usage of 18,000kms. Beyond this limit, customers will be charged Rs 7/km excluding taxes.

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