Tata Motors reports 8% decline in June domestic wholesales at 74,147 units
Tata Motors on Monday reported an 8 per cent decline in total domestic wholesales to 74,147 units in June.
The company's domestic wholesales stood at 80,383 units a year ago.
Sales of passenger vehicles, including electric vehicles, in the domestic market, were lower by 8 per cent at 43,624 units in June as compared with 47,359 units in the year-ago month, it added.
"Going forward, we foresee recovery of demand, as enquiries have remained strong despite low retails in the past two months. This strong enquiry pipeline, in addition to the onset of festive season from August, augurs well for the industry," Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said in a statement.
The automaker is fully geared up to leverage this growth opportunity on the back of strong demand for SUV portfolio, especially Punch and Nexon, as well as new launches in the coming months, he added.
In the April-June quarter, passenger vehicle dispatches stood at 1,38,682 units compared with ..