Tata Motors sales down 34 per cent; Hyundai Motor sales down 2 per cent

Total domestic sales were down 32 per cent at 39,152 units as compared with 57,710 units in October last year

New Delhi:Tata Motors on Friday reported a 33.58 per cent decline in total sales at 41,354 units in October.

The company had sold a total of 62,264 units in the same month last year, Tata Motors said in a statement.

Total domestic sales were down 32 per cent at 39,152 units as compared with 57,710 units in October last year, it added.

Passenger vehicle sales in the domestic market during the month stood at 13,169 units as against 18,290 units in October last year, 28 per cent down.

"In October retail sales were the highest in this fiscal recording a 70 per cent increase month-on-month. In this fiscal, network stock has been reduced by 38 per cent. October-end network stock is the lowest in the last two years. This will help our network to be prepared for a smooth BS6 transition," Tata Motors President, Passenger Vehicles Business Unit Mayank Pareek said.

Similarly, the company reported a 34 per cent decline in total commercial vehicle sales at 25,983 units as against 39,420 units in the year-ago period.

Also, Hyundai Motor India Ltd (HMIL) on Friday reported a 2.2 per cent decline in total sales at 63,610 units in October.

The company had sold 65,020 units in the same month last year, HMIL said in a statement.

Domestic sales were 3.8 per cent down to 50,010 units as against 52,001 units in October 2018, the company added.

Exports, however, grew 4.5 per cent to 13,600 units last month as compared to 13,019 units in the year-ago period, HMIL said.

Hyundai Motor India's National Sales Head Vikas Jain said the automaker has performed well despite the ongoing slowdown in the market.

The company's cumulative sales last month were highest during the year so far, he added.