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Tata Motors domestic sales tank 14% at 49,073 units in June
Date: 02/07/2019

Home-grown auto major Tata Motors on Monday posted 14 per cent decline in domestic sales at 49,073 units in June 2019. The company dispatched 56,773 units in June 2018, as per Tata Motors release. Sales of passenger vehicles in the domestic market dropped by 27 per cent at 13,351 units, as compared to 18,213 units in June 2018, due to low customer sentiments due to liquidity crunch. The company mentioned that the industry continued to remain stressed; however, the market is expected to bounce back. Sales of commercial vehicles in the domestic market saw a drop of 7 per cent at 35,722 units last month as against 38,560 units in June 2018. The market continues to exhibit subdued demand sentiment as customers are postponing purchases given the poor freight availability, the falling freight rates affecting their viability, the statement said. The company highlighted that the slowing down of the economy is hurting overall customer sentiments and causing an impact on demand for fresh vehicles.

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