Tata Motors announced that they witnessed a drop of 3% in Commercial and Passenger Vehicles Business sales in the domestic market at 57,221 units as against 58,993 units sold over last year as weak consumer sentiments continued in February 2019.
Tata Motors’ 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 I&LCV truck segment recorded a growth of 4% with 5,017 units in February 2019 as compared to 4,810 units sold last year. The SCV Cargo and Pickup segment bounced back in February 2019, recording a growth of 9% at 17,417 units sold this month, over last year.
The cumulative sales for the domestic market (April 2018 -February 2019) grew by 18% with 6,10,108 units as compared to 5,17,198 units over the same period last year.