Tata Motors had reported a fall of 15 percent in the Tata group’s global wholesales at a total of 89,671 units in the month of November. In the month of November last year, the group sold a total of 1,04,964 units.
On Tuesday, the shares of Tata Motors had fallen 0.25 percent to Rs 160.10 apiece on the NSE (National Stock exchange of India), on the other hand, the benchmark Nifty 50 fell 0.68 percent to end the day at 11,856.80 points.
In the month of November 2019, the Global wholesales of all the passenger vehicles were 58,641 units as compared with the sale of 66,429 units in the month of November 2018, which is reduced by 11.72 percent as per the company.
Jaguar Land Rover has a total global wholesales of 48,105 units in the month of November 2019 as compared with 49,312 units in the same month last year, which is reduced by 2.44 percent. This includes the 6,224 units that are sold by CJLR (a JV between the JLR and Chery Automobiles. It is an unconsolidated subsidiary for Jaguar Land Rover).
Jaguar wholesales for the month of November were reported at 10,801 vehicles, Land Rover wholesales were at 37,304 vehicles, the company added.
The global wholesales of all the Tata Motors commercial vehicles and the Tata Daewoo range was at 31,030 units in the previous month, which is 19 percent lower than 38,535 units in the month of November 2018.
In India, Tata Motors has reported a fall of 25 percent in the domestic sales at 38,057 units in the month of November 2019, compared with 50,470 units that were sold in November last year.
Tata Motors had recorded a constant decline in the volume even though there was a positive festive season. The auto sector had also shown signs of recovery during the previous month. In the segment of the passenger vehicles, the volumes of Tata had reduced to 10,400 units in November 2019, a fall of 39 percent over the 16,982 units sold in the month of November last year.