Tata Motors Group Global Wholesale Decline (File Photo)
Tata Motors on Sunday posted 32 per cent decline at 72,464 units in August 2019 including the Jaguar Land Rover Business. It is to be noted that the de-growth in Tata Motors business is due to the slowdown in the Indian auto business.
In the month of August 2019, global wholesale of Tata Motors commercial vehicle (CV) division was down by 45 per cent at 25,366 units while global wholesale of passenger vehicle (PV) division was down by 22 per cent at 47,098 units.
On the other hand, global wholesale of Jaguar Land Rover stood at 39,615 units which include 4680 units of the CJLR business. It is to be noted that in August this year, Jaguar sold 10,097 units while Land Rover sold 29,518 units of SUVs.
Similarly, Tata Motors PV sales were also down by 58 per cent in August 2019 at 7316 units as compared to 18,420 units which were sold a year ago. Importantly, in the April - August 2019 period, its market share went down by 1.39 per cent at 5.41 per cent.
In a bid to come out of losses, Tata Motors have announced huge discounts across its product line-up including Hexa, Nexon, Tiago, Tiago NRG, Tigor and Harrier. Tata motors is offering benefits up to Rs 1.50 lakh on the Hexa, up to Rs 85,000 on the Nexon, up to Rs 70,000 on the Tiago, up to Rs 70,000 on the Tiago NRG, up to Rs 1.15 lakh on the Tigor and up to Rs 50,000 on the Harrier.