Tata Motors, in a statement, said “The sales of commercial vehicles in November, 2013 in the domestic market were 26816 units, Light Commercial Vehicle (LCV) sales were 19993 units while Medium & Heavy Commercial Vehicle sales stood at 6823 units." As far as the passenger vehicles are concerned, Tata Motors sold 10376 units during November 2013. The main drive for demand in passenger car segment were Nano, Indica and Indigo, which accounted for 7910 units while the same for Sumo, Safari, Aria and Venture was 2466 units.
On the other hand, Tata Motors arch-rival, Mahindra & Mahindra, too recorded a considerable decline in sales. As per sources, sales of passenger cars plummeted by 32 per cent to 16771 units in November 2013 against 24604 units in the same month in 2012. The sales of Mahindra & Mahindra have been majorly hit by demand generated by Ford EcoSport and Renault Duster in the compact Sports Utility Vehicle (SUV) segment. Apart from this, various other factors including hike in excise duty on utility vehicles have marred the growth prospects of Mahindra & Mahindra.
Pravin Shah, Chief Executive, Automotive Division for Mahindra & Mahindra was heard as saying “After the festive season, the auto industry has turned to further decline and continues to remain subdued. Unless some concrete measures are provided for its revival, we do not foresee any immediate turnaround." Buy New Car | Buy and Sell Used Cars at CarTrade.com