India Tata Motors Sees February Domestic Sales Drop 34%
Total domestic sales stood at 38,002 units last month, falling from 57,221 during the same period a year ago.
(Bloomberg) -- India’s Tata Motors Ltd. saw a 34% slide in domestic sales in February, as automakers were hit by the lack of supply of parts from China amid the coronavirus outbreak.
Total domestic sales stood at 38,002 units last month, falling from 57,221 during the same period a year ago, the company said in a statement. Total sales were 40,634 units, a 32.4% drop.
Total commercial vehicle sales were down 33% to 28,086, while passenger vehicle sales were down 31%, it said.
The outbreak of the deadly coronavirus in China and a recent fire incident at one of the company’s strategic vendors affected passenger vehicle production and wholesale volumes, Mayank Pareek, the president of Tata’s passenger vehicles business unit, said.
To contact the reporter on this story: Subhadip Sircar in Mumbai at ssircar3@bloomberg.net
To contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Karen Leigh, Nate Lanxon
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