Automotive
India Tata Motors Sees February Domestic Sales Drop 34%
(Bloomberg) — India’s Tata Motors Ltd. saw a 34% slide in domestic sales in February, as automakers were hit by the lack of supply of parts from China amid the coronavirus outbreak.
Total domestic sales stood at 38,002 units last month, falling from 57,221 during the same period a year ago, the company said in a statement. Total sales were 40,634 units, a 32.4% drop.
Total commercial vehicle sales were down 33% to 28,086, while passenger vehicle sales were down 31%, it said.
The outbreak of the deadly coronavirus in China and a recent fire incident at one of the company’s strategic vendors affected passenger vehicle production and wholesale volumes, Mayank Pareek, the president of Tata’s passenger vehicles business unit, said.
-
OER Magazines2 months ago
OER, September 2024
-
Uncategorized1 month ago
Oman Oil Marketing Company partners with Ihsaan Association to support its activities
-
Commodities2 months ago
Gold Rangebound as Investors Brace for Key US Economic Data
-
OER Magazines3 weeks ago
Signature, October 24
-
Alamaliktistaad Magazines3 weeks ago
Al-iktisaad, October 24
-
Banking & Finance2 months ago
Apple Pay Officially Launched in Oman
-
Oil & Gas1 month ago
OQEP Appoints United Securities as Liquidity Provider Ahead of Landmark MSX Listing
-
Lifestyle2 months ago
Royal Opera House Muscat Welcomes First Shows of its 2024/25 Season