Tata Motors group wholesales drop 14 per cent in July to 78,600 units

Tata Motors on Tuesday reported 14 per cent decline in the group’s global wholesales, including those of Jaguar Land Rover, in July at 78,600 units. Global wholesales of all passenger vehicles in July 2019 stood at 52,432 units, a growth of 4 per cent from the year-ago month, Tata Motors said in a regulatory filing.

Jaguar Land Rover global wholesales were at 41,783 units. Jaguar wholesales for the month were 12,308 units, while Land Rover wholesales were at 29,475 units, it added.

The company further said global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in July 2019 were at 26,168 units, down 35 per cent from the same month last year.

Tata Motors is all set to launch four new electric vehicles (EVs) in India next year. Yes, you read it right. Well, the announcement of launch of four new electric vehicles (EVs) in the Indian market was made by Tata Motors Chairman N Chandrasekaran during an interaction with the shareholders at the 74th Annual General Meeting.

Among the EVs to be launched next year in India are Altroz EV, Nexon EV, Tigor EV's fresh version and an undisclosed model. The automaker had showcased Altroz EV at the 89th Geneva International Motor Show along with Altroz, Buzzard, Buzzard Sport and H2X Concept.

The upcoming electric vehicle will get a permanent magnet AC motor with single-speed gearbox. Tata Motors is targeting a range of 250-300 km for Altroz EV, which is expected be priced over Rs 10 lakh (ex-showroom) in India.

Currently, Tata Motors is offering Tigor EV in India. It is Tata’s first all-electric vehicle, the Tigor EV, has been launched in India and will be available in the XM and XT trim levels. Tigor EV XM trim is priced at Rs 9.99 lakh (ex-showroom, Delhi) while the XT trim will cost Rs 10.9 lakh (ex-showroom, Delhi).

(With inputs from PTI)