Tata Motors Sales Down By 61% For Commercial Vehicles Due To Rising Covid-19 Cases
Tata Motors saw a huge 41% year-on-year drop in domestic sales in April, with 39,530 vehicles sold, owing to COVID-led lockdown restrictions imposed by several states.
The Total Sales In April 2021.
In March 2021, the company sold 66,609 vehicles in the domestic market, according to a BSE filing on May 1. Total sales in April were 41,739 vehicles, down 40.6 per cent from 70,263 vehicles sold the previous month, with commercial vehicle exports down 40 per cent MoM to 2,209 units.
Tata Motors recorded sales of 14,435 commercial vehicles in April, down 61 per cent from the 36,955 vehicles sold in March. In the domestic market, the company posted substantial declines in every segment under the commercial vehicle division. Sales of medium and heavy commercial vehicles fell by 55% year over year to 4,942 units.
Mainly Small commercial vehicle (SCV) cargo and pickup segment registered almost 60 per cent MoM fall in sales at 6,930 units. According to the company, total passenger vehicle sales in April were 25,095 units, down 15% from the previous month’s 29,654 units.
Tata Motors YoY Sales Growth In February 2021
Tata Motors reported its highest monthly sales in nearly nine years. The Country’s third most sold carmaker in February 2021. A healthy YoY sales growth of 119 per cent was reported with 27,224 units sold.
Tata Motors continued its winning streak at the top of the sales charts, selling 29,655 units in comparison to 5,676 units in the same timeframe in 2020, a massive 422 per cent rise in volume year over year. The Month-on-Month sales contrast, on the other hand, represents fact and offers a strong image of the auto industry’s success over the last six months.
Last month, the company retained a market share of 9.3%, compared to just 4% in the same month the previous year.