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Tata Motors’ sales drop 34% in February 2020

Tata Motors has reported a drop in its domestic sales for the month of February 2020 by 34%, with a sale of 38,002 units.

This drop comes in comparison to February sales in the previous year, which were recorded at 57,221 units. In a statement, Mayank Pareek, President, Passenger Vehicle Business Unit, said, “The outbreak of COVID-19 in China and a recent fire incident at one of our strategic vendors affected the vehicle production and wholesale volume. Multiple actions are being taken to reduce the impact, staying close to our customers by providing transparency of the delivery situation,”.

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In the commercial vehicle segment, the company has sold 25,572 units in February 2020, witnessing a decline of 35% from the month under review in 2019 at 39,111 units.

Commenting on the decline, Girish Wagh, President, Commercial Vehicle Business Unit, said, “Retail in February was ahead of wholesale by 37 per cent, helping bring down stocks even further to an all-time low. Retail in M&HCV grew by 23 per cent over last month with fleet buyers stepping up purchases. We are on track for the BS-VI migration, with BS-IV stocks being consumed as per plan and BS-VI production initiated. The supply disruptions from the COVID-19 outbreak in China could have some impact on the BS-VI transition and all efforts are underway to mitigate it,”.

In particular, the number of units sold in the medium and heavy commercial vehicle segment amounted to 6,739 in February 2020, leading to a decline of 46% from 12,437 units sold in February 2019.

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