‘Plants ramp up production as lock-down eases’
MUMBAI: Tata Motors, the leading automobile manufacturer in India reported 90 per cent year on year decline in the sales of commercial vehicles from 1,00,357 units to 10,476 units during the first quarter of the current financial year 20120-21 compared with the same period last year.
In the passenger vehicle segment, the drop was 61 per cent as the sales came down from 36,945 units in Q1, FY20 to 14,571 units for the first quarter of the current fiscal.
When Tata Motors Ltd announced its sales in the domestic & international market, for Q1 FY21, the combined sales declined by 82 per cent as the sales came down from 1,31,879 units to 25,047 units for the first quarter of the current financial year.
Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. said, “Amidst subdued demand environment, Q1 was marked by successful transition to BSVI across the range of commercial vehicles.”
He said as the country moved to the unlock phase, all plants started operations from end of May and ramped up production gradually as parts availability improved. Retail sales were 67 per cent behind wholesales due to negligible opening inventory at the dealers and muted demand.
Wagh also said that there early recovery signs in a few sectors. “We look forward to a gradual pickup in demand on the back of overall economic recovery, while we continue to address the challenges of intermittent demand and supply disruptions from COVID-19,” Wagh added.
