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Tata Motors passenger vehicle sales dip 26% to 12,694 units in April, CV sales down 18%

New Delhi: Tata Motors on Thursday reported a 20 percent decline in total sales during April at 42,577 units as compared with 53,511 units in the same month last year.

The company's passenger vehicle sales in the domestic market declined by 26 percent to 12,694 units last month as compared with 17,235 units in April 2018.

 Tata Motors passenger vehicle sales dip 26% to 12,694 units in April, CV sales down 18%

Representational image. Reuters.

"The industry has recorded de-growth for the tenth consecutive month. Weak consumer sentiments are reflected in this demand de-growth and we have also been impacted," Tata Motors President Passenger Vehicles Business Unit Mayank Pareek said.

The company said its commercial vehicle (CV) sales in the domestic market stood at 29,883 units in April, down 18 percent from 36,276 units in the same month last year.

"The industry is yet to recover from the revised axle load norms while the postponement of demand due to general elections have also dragged down CV sales," Tata Motors President Commercial Vehicles Business Unit Girish Wagh said.

Total exports during April stood at 1,402 units, a dip of 53 percent as compared with the same period of last year due to lower offtake in markets like Bangladesh, Sri Lanka and the Middle East, the company said.

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Updated Date: May 02, 2019 18:50:27 IST