Homegrown auto major Tata Motors on Monday reported 14 per cent decline in total sales at 49,073 units in June. The company had sold a total of 56,773 units in the same month last year, Tata Motors said in a regulatory filing.
Passenger vehicle (PV) sales in domestic market dropped by 27 per cent to 13,351 units as compared with 18,213 units in June 2018 on weaker customer sentiments due to liquidity crunch, the company said. “Industry continued to remain stressed. However, the market is expected to bounce back soon,” it added.
On the commercial vehicles (CV) front, domestic sales were at 35,722 units as against 38,560 units in the same month last year, down 7 per cent. “The market continues to exhibit subdued demand sentiment as customers are postponing purchases given the poor freight availability, the falling freight rates affecting their viability,” it said.
The slowing down of the economy is hurting overall customer sentiments and causing an impact on demand for fresh vehicles, Tata Motors said. Exports (CV and PV) in June 2019 stood at 2,702 units, lower by 48 per cent over June 2018, due to drop in retails in Bangladesh, Nepal and the Middle East markets, it added.
Recently, 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).
It is to be noted that Tata is retailing the Tigor EV only to cab aggregators and fleet operators currently. However, it will be available for private buyers soon.
Tata Tigor EV is available in white, blue and silver colour options. It is powered by 72 V 3-Phase AC Induction Motor that churns out 30 kW (41 PS) and 105 Nm of torque. The car comes with a 16.2 kWh battery capacity and does 0-60 km/hr in 12 seconds. The Tigor EV can hit a top speed of 80 km/hr and has a certified full charge range of 142 km. 0-80 percent of normal charging takes 6 hrs while fast charging for 0-80 percent with 15 kW charger takes 90 mins.
The Tigor EV is also equipped with dual front airbags, ABS and rear parking sensors. Interestingly, these safety features ensures compliance with the new norms that come into effect on July 1, 2019. Apart from these features, the XT variant comes with 14-inch alloy wheels and electronically adjustable ORVMs.
(With inputs from PTI)