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Tata Motors reports 4% drop in May sales

Tata Motors passenger and commercial vehicle total sales (including exports) in May 2017 were at 38,361 vehicles, lower by 4% over 40,123 vehicles sold in May 2016. The company’s domestic sales of Tata Motors commercial and passenger vehicles for May 2017 were at 34,461 units, lower by 3%, over 35,695 units, in May 2016.

In May 2017, Tata Motors passenger vehicles recorded sales at 10,855 units in the domestic market, a growth of 27%, over May 2016, due to continued strong demand for the Tata Tiago, the Tata Tigor and the Tata Hexa. Further, the overall commercial vehicles sales in May 2017, in the domestic market were at 23,606 units lower by 13% over May 2016. The market continues to remain weak and the demand has still not picked up. There are early signs of retails of BS4 vehicles but it has still been slow.

The company’s sales from exports stood at 3,900 units in May 2017, a decline of 12% compared to 4,428 vehicles sold in May 2016. Retail drop of SCV in Sri Lanka after steep increase in import tariffs in late 2016, as well as fall in Nepal demand in the build up to their elections, has impacted April and May sales.

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