Tata Motors Two-wheelers Faces Loss in Two-Wheelers Category
This Diwali may not be happy for Tata Motors, As they are facing a decline in their Two-Wheeler Category with domestic sales. Compared with their last year sale till the Month of October 2020, they have sold 268,631 vehicles and this year till the same period they have sold 198,738 vehicles. This clearly shows the loss in Tata Motors sales. The exports figure also seen a 5 per cent decline with the numbers touching to 192,565 as compared to the 201,659 two-wheelers being exported last year.
The total two-wheelers sales figure came down to 391,303 units on October 21 against the 470,290 units during the same period last year witnessing a 17 per cent decline. Tata Motors announced its Q2 results today.
Tata Motors registered a surge in the commercial vehicle category with a 58 per cent hike. The company sold 19,827 commercial vehicles during Oct 21 as compared to 12,529 units last year. The export posted a 3 per cent decline of the commercial vehicles with figures touching 28,485 units. It was 29,219 units last October. Overall, the commercial vehicle category saw a 16 per cent increase with 48,312 units against the 41,748 units.
Not Tata Motors but Some of the Auto Manufacture also faced different types of decline in their sales. The reason may be different as the lockdown happened twice in the past two years. The manufacturer has been also facing a Lack of Semiconductors in the market.