Home grown auto major Tata Motors on Sunday reported a 58 per cent decline in its domestic passenger vehicle sales at 7,316 units in August.
The company had sold 17,351 units in the same month last year, Tata Motors said in a statement.
Commenting on the sales performance, Tata Motors President Passenger Vehicles Business Unit Mayank Pareek said the market continued to be challenging, but the company has focused on improving its retail sales, which saw an uptick of 42 per cent.
"We are hopeful that the recently announced financial package by finance minister will help in improving the liquidity of market and to reduce the ownership cost. This will certainly help the industry to revive and drive the growth," he added
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