Tata Motors' overall sales down 14% in December
Automobile giant Tata Motors on Wednesday reported a decline of 13.84 per cent in its overall sales, including exports in December, on a year-on-year basis.
The company's overall sales fell to 46,903 units from 54,439 units sold during December 2018.
The automobile manufacturer's domestic sales fell by 12 per cent to 44,254 units last month, compared to 50,440 units during the same period last year.
Segment-wise, commercial vehicles sales during the period under review fell by 15 per cent to 34,082 units from 40,015 units.
Similarly, passenger vehicles' sales declined by 10 per cent last month to 12,785 units from 14,260 units which were shipped-out during the like period of last year.
Commenting on the sales performance, Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors said: "Our focus in December has been to drive retail and minimise the network stock in order to facilitate a smooth transition to BSVI."
"Our marketing campaigns and attractive consumer schemes resulted in the highest retail sales this fiscal. December retail was 83 per cent higher than the off-take and the dealer network stock has been reduced to lowest ever level.
"Having almost completed our planned production and dispatches of BS IV, we will start moving to BS VI production and dispatches from January and step up our volumes in the coming months," he added.IANS