Tata Motors’ domestic sales slump 25% in November, Maruti Suzuki sales down 1.9%, Mahindra & Mahindra’s by 9%
Tata Motors on Sunday reported a 25 per cent fall in its domestic sales in November. Whereas, Maruti Suzuki India reported a 1.9 per cent decline, Mahindra and Mahindra reported 9 per cent slump
Tata Motors on Sunday reported a 25 per cent fall in its domestic sales in November, on a year-on-year basis. Whereas, Maruti Suzuki India reported a 1.9 per cent decline in its November sales to 1,50,630 units. Automobile major Mahindra and Mahindra (M&M) reported a 9 per cent fall in its total sales in November.
Tata Motors sold 38,057 units last month, compared to 50,470 units during the same period last year, Tata Motors said in a regulatory filing at the BSE.
Its total sales, including exports, also declined by around 25 per cent to 41,124 units.
"Tata Motors Limited today announced its sales in the domestic and international market, for the month of November 2019, which stood at 41,124 vehicles, compared to 55,074 units during November 2018," the filing said.
The company sold 27,657 commercial vehicles in the country during the period under review, a 17 per cent decline from the sale of 33,488 units a year ago. Exports of its commercial vehicles slumped 34 per cent to 2,931 units.
Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors said: "As we move closer towards BS-VI transition, focus continues to be gradual stock reduction, with retail sale in November being higher than wholesale by over 10 per cent. Medium and Heavy Commercial vehicle sales grew by 23.6 per cent over previous month, as enquiries continue to increase gradually, with fleet owners realizing the economic benefits of replacement of their older vehicles."
Sales of its passenger vehicles was also severely hit with a 39 per cent drop in sales last month to 10,400 units.
Commenting on the sales performance, Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors said: "After an encouraging festival period, in November, industry declined sharply. In addition, industry is also preparing for the BS-VI transition."
"In line with our strategy to focus on retails, we have further enhanced our network coverage. Our retail sales were more than wholesales by 15 per cent, which has helped us to reduce the network stock by 35 per cent in this fiscal," he added.
Maruti Suzuki November sales at 1.5 lakh units down 1.9%
Maruti Suzuki India on Sunday reported a 1.9 per cent decline in its November sales to 1,50,630 units, compared on a year-on-year basis.
Maruti Suzuki had sold 1,53,539 units in November 2018.
In a regulatory filing, Maruti Suzuki said that the sale of domestic passenger vehicles in the month in consideeration declined by 3.3 per cent to 1,39,133 units.
Further, with the sale of 2,267 units of the light commercial vehicle model -- 'Super Carry' -- a year-on-year (Y-o-Y) growth of 6.5 per cent, the total domestic sales of the company in November stood at 1,41,400 units, which was 3.2 per cent lower than the corresponding period last year
"Maruti Suzuki India Ltd sold a total of 1,50,630 units in November 2019. This includes 1,41,400 units in domestic market, 2,286 units of domestic OEM sales and 6,944 units of exports," the filing said.
Maruti's exports slumped 7.7 per cent during the period under review to 6,944 units.
Mahindra & Mahindra's sales fall 9% in November
Automobile major Mahindra and Mahindra (M&M) on Sunday reported a 9 per cent fall in its total sales in November, on a year-on-year basis.
In a regulatory filing, the company said that it sold 41,235 units, including exports, last month, compared to 45,101 vehicles sold during the same period last year.
In the passenger vehicles segment which includes utility vehicles, cars and vans, M&M sold 14,637 vehicles in November 2019, 10 per cent lower than 16,188 vehicles recorded in November 2018. The sale of its commercial vehicles fell 12 per cent to 17,384 units, it said.
The sale of its medium and heavy commercial vehicles halved in November. It sold 311 vehicles in the segment last month, 51 per cent lower than 637 units sold in November 2018.
Total exports of the company fell 26 per cent to 2,621 units.
Commenting on the performance, Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M said: "The month post festive season is historically a lean month for the automotive industry. Consumer demand, especially for passenger vehicles, typically picks up in the year-end that is in December. Therefore, we expect December to pan out better for the automotive industry."