Tata Motors sold 14,435 commercial vehicles in April, 61 percent less than the 36,955 vehicles sold in March.
On the one hand, while Tata trains made a big bang in March 2021, now the craze of its vehicles was seen to decrease during the month of April. In fact, Tata Motors reported a 41 percent drop in domestic sales in the month of April on 39,530 vehicles, affected by the lockdown restrictions imposed by several states.
On May 1, the company said in its BSE filing that the company had sold 66,609 vehicles in the domestic market in March 2021. Total sales in April stood at 41,739 vehicles, a 40.6 percent decrease from the 70,263 vehicles sold in the previous month, with commercial vehicle exports down 40 percent MoM to 2,209 units. In the domestic market, Tata Motors said it sold 14,435 commercial vehicles in April, 61 percent less than the 36,955 vehicles sold in March.
Decline in every segment
The company registered a significant decline in every segment under the Commercial Vehicles Division in the domestic market. Medium and heavy commercial vehicle sales declined by 55 percent MoM to 4,942 units. Sales of 60 percent MoM in the small commercial vehicle (SCV) cargo and pickup segment were recorded at 6,930 units. The company said that total passenger vehicle sales in April were 25,095 units (down 15 percent from March), compared to 29,654 units sold in the previous month. However, during the Corona lockdown last year, the company did not sell a vehicle in April.
Why Tata vehicles’ craze is decreasing
Apparently, the second wave of Coronavirus across the country has put the auto industry in the last year’s phase. Meanwhile, there is a risk of recession on companies. The increasing cases of Corona virus have had a tremendous impact on the vehicle sales in the month of April. Tata Motors is also not untouched by this loss.
Meanwhile, many companies have also reduced their production. The April sales this year, however, are not comparable to the same month of the previous year because the countrywide lockdown did not result in domestic sales in the wake of the outbreak of the corono virus epidemic in the country. Nevertheless, there has been a decrease in vehicle sales in April 2021 as compared to the month of March this year.
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