Country’s largest segment by sales revenue, Tata Motors reported a 3% decline in its global sales this Saturday. Global wholesale units of all Tata Motors commercial vehicles and Tata Daewoo range last month stood at 34526 units while they stood at 62822 units in December 2018.
Tata Motor’s showstopper JLR (Jaguar Land Rover) also saw a decline overall. Wholesale units of Jaguar last month stood at 12742 units while wholesale units of Land Rover stood at 37259 units.
Tata Motors expects the automobile industry and to get back on track in the 2nd half of this year.
“This would be after the switch from BS-IV to BS-VI emission rules is complete and the central government’s effort to turn around the economy starts paying off. We are going to get back to a growth path. I am being cautiously optimistic; the second half of FY21 should be realistic” added by Guenter Butschek, managing director of Tata Motors. (Source)
The carmaker will begin the introduction of its BS-VI range with passenger vehicles starting this month. There will be 4 global unveilings, 14 commercial and passenger vehicles display at the Auto Expo 2020 at Greater Noida.
Transition to BS-VI is expected (and is disrupting) the commercial vehicle industry in a big way. Higher pricing with new technological inputs. Adding BS-VI in Tata Motors commercial vehicles will come with multiple variants, trims level and body types.
The entire automobile industry is disrupted by a number of reasons, with rolling out of BS-IV fuel range is the major one. Not only sales of Tata Motors are affected, but the entire industry (except Maruti & Mahindra) experienced darkest times ever in 2 decades.
The automobile sector is yet to see improvements by the 2nd half of this year but till the time comes, major carmakers are expecting a decline in their sales figures.