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11 August, 2020 18:59 IST
Tata Motors' India sales dips 84% in March
Source: IRIS | 01 Apr, 2020, 11.44PM
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Sales of Tata Motors (Q,N,C,F)* fell 84 percent year-on-year to 11,012 units in March. The automaker had sold 68,727 units in the year-ago period. Domestic Sales down 84% at 11,012 units vs 68,727 units CV Sales down 87% at 7,123 units vs 56,536 units PV Sales down 68% at 5,676 units vs 17,810 units

Tata Motors, the owner of Jaguar Land Rover, plans to separate its cars business from trucks and buses, as the company seeks partners for a unit slammed by the coronavirus outbreak and a global shift to electric vehicles.

''The recent outbreak of Covid-19 increases the challenges faced by the business,'' Tata Motors said in a statement on March 27. ''This decision is a first step in our plans to secure mutually beneficial strategic alliances for the domestic PV business and help secure its long-term viability.''  

Shares of the company declined Rs 3.1, or 4.36%, to settle  at  Rs 67.95.  The total volume of shares traded  was  2,648,493 at  the BSE (Wednesday).

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