India Business

Tata Motors Quarterly Sales Dip Globally In August; Down By 32%

Written By Ria Kapoor | Mumbai | Published:

Hack:

  • Tata Motors has reported a 32 per cent decline in global sales
  • 72,464 units of Jaguar Land Rover were sold in August as compared to 1,07,030 units that were sold in August last year
  • The company's global sales of all passenger vehicles were at 47,098 units, down 22 per cent from 61,328 units in August 2018

Tata Motors, on Wednesday, reported a 32 per cent decline in global sales, including that of Jaguar Land Rover, to 72,464 units in August as compared to 1,07,030 units that were sold in August last year.

Tata Motors experiences a global dip

According to the company, global wholesale units of all Tata Motors' commercial vehicles and Tata Daewoo range last month stood at 25,366 units; down by 45 per cent from 45,719 units a year ago. Meanwhile, the company's global sales of all passenger vehicles were at 47,098 units, down 22 per cent from 61,328 units in August 2018.

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Additionally, global sales of JLR stood at 39,615 units and Jaguar wholesale units for the month were 10,097 vehicles. Land Rover, on the other hand, stood at 29,518 units. JLR had sold a total of 42,658 units in August 2018.

Automotive woes

In other news, Maruti Suzuki India, in a recent report, brought out a seventh consecutive monthly sales decline with the numbers falling 32.7 per cent to 1,06,413 units in August 2019. The carmaker had sold 1,58,189 units in the same month last year.

The company reported a 71.8 per cent dip in mini sub-segment, including Alto and old WagonR to 10,123 units and 23.9 per cent fall in compact sub-segment to 54,274 units during August 2019. The mid-size sub-segment, which includes Ciaz, witnessed a 77.2 per cent plunge to 1,596 units. Additionally, the compact sub-segment comprises of the all-new third-generation WagonR, Celerio, Ignis, Swift, Baleno, and Dzire.

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Other industries and sectors in the same boat

India has been witnessing shifts in the growth and sales of other sectors and industries as well. India’s fuel demand rose by 2.8 per cent in August this year, as compared with the same month last year, but was recorded at its lowest level in nine months. According to data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry, consumption of fuel which is a proxy for oil demand totalled to 17.04 million tonnes in August, which happens to be its lowest since November 2018.

According to other reports, the growth of India’s eight core industries including coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity in India dropped to 2.1 per cent in July. The production of steel, cement, and electricity recently recorded a decline to 6.6%, 7.9% and 4.2%, respectively, as against 6.9%, 11.2% and 6.7% while the output of coal, crude oil, natural gas, and refinery products was recorded negative in a review.

READ | Fuel demand rises 2.8% YoY in August; dips to its lowest in 9 months

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