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.
-
Economy2 months ago
Here’s Everything You Need to Know About Oman’s State General Budget for 2025
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, December 24
-
Automotive1 week ago
[REVIEW] A Legend Reinvented: The Nissan Patrol Y63 Blends Heritage with Modern Mastery
-
Banking & Finance2 months ago
His Majesty the Sultan Appoints Ahmed Al Musalmi as Governor of the Central Bank of Oman
-
OER Magazines3 weeks ago
OER, January 2025
-
Banking & Finance4 weeks ago
Ishraq Waqf Investment Fund Announces Extension of IPO Subscription Deadline
-
Alamaliktistaad Magazines3 weeks ago
Al-iktisaad, January 2025
-
Banking & Finance1 month ago
Bank Muscat’s 2024 Net Profit Grows To RO225.58Mn