Sales in April 2021 fell as India is hit again by the second wave of the coronavirus pandemic and experiences partial lockdowns in several states.
April 2021 sales fell as India again hit by second wave of coronavirus pandemic
Tata Motors recorded a monthly decline (MoM) of 41% in sales in April 2021, selling 39,530 units in April 2021, compared to 66,609 units sold the previous month. Like other automakers, even Tata Motors recorded zero sales in April of last year, when the entire country was strictly locked down to prevent the spread of the COVID-19 pandemic. Sales in April 2021 fell as India is hit again by the second wave of the coronavirus pandemic and experiences partial lockdowns in several states.
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Footsteps and inquiries across the country declined, hurting auto sales. Tata Motors recorded a 15% MoM decline in passenger vehicle sales to 25,095 units sold in April 2021, from 29,654 units sold in March 2021. In the commercial vehicle sector, the company recorded a 59% decline. sale of 16,644 units compared to 40,609 units sold the previous month.
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Tata Motors recorded sales growth of 422% in the passenger vehicle sector in March 2021, selling 29,654 units compared to 5,676 units sold in the same month a year ago. Sales for March of last year were also weak due to the COVID-19 pandemic outbreak and the lockdown that followed. Regarding the turnover for fiscal year 21, the company recorded a growth of 69% to 131,196 units, compared to 222,025 units sold in the last financial year. A better measure of sales performance will be comparing the 29,654 units sold in March 2021 to the 27,225 units sold in February 2021, an increase of 8.92% month over month. That said, the company is seeing a decline in sales based on MoM, thanks to the second wave of COVID-19.
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