Tata Motors Sales May 2021: 38 per cent drop was taped in domestic sales month-on-monthTata Motors announced its regular monthly automobile sales on Tuesday, June 1, reporting 24,552 units sold in May 2021, marking a 38 percent month-on-month decline in overall domestic sales, compared to the previous month of April.
Tata Motor's domestic sales in April 2021 stood at 39,530 systems.
According to a regulative filing by the business to the BSE on Tuesday, Tata Motors sales in the domestic and international market for May 2021 stood at 26,661 lorries.
(Likewise Check Out: Tata Motors Reports Domestic Sales Of 39,530 Systems In April 2021 )According to the statement, Tata Motors sales of overall commercial lorries (CV) in May 2021 stood at 11,401 systems, registering a 32 percent drop month-month, compared to 16,644 units sold in April 2021.
The business lorries sale consisted of guest providers, SCV cargo pickup, exports.
The exports of industrial lorries stood at 2,030 systems in Might 2021, marking a 8 per cent drop month-on-month, compared to 2,209 units in April 2021.
In addition, in terms of the domestic traveler lorries (PV), Tata Motors registered 15,181 systems offered in May 2021, marking a 40 percent drop month-on-month, compared to 25,095 systems offered in April 2021.
The consecutive trajectory in automobile sector sales is on a considerable decrease in the face of the second Covid wave (no YoY analysis provided the complete lockdown in Might 2020).
Because a great deal of states in India had imposed fairly strict lockdowns to include the threatening rise in infections and mortalities, vehicle dealers were either closed or partially run during the month, stated Mr.
Suman Chowdhury, Chief Analytical Officer, Acuit Rankings - Research.On Tuesday, June 1, shares of Tata Motors settled 0.19 per cent lower at Rs 318.10 per cent each on the BSE.