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Tata Motors reports 26% decline in domestic sales to 40,155 units in May

The company had sold 54,290 units during the same month last year, Tata Motors said in a statement

Press Trust of India  |  New Delhi 

Brokerages slashed price targets on Tata Motors after the company reported biggest loss in India’s corporate history. The consensus 12-month price target for the stock is down to Rs 215 from Rs 252 earlier this month. Some brokerages have cut the tar

Saturday reported 26 per cent decline in domestic sales to 40,155 units in May.

The company had sold 54,290 units during the same month last year, said in a statement.

"commercial and passenger vehicles business sales in the domestic market in May 2019 at 40,155 units witnessed a drop of 26 per cent, as against 54,290 units sold in May 2018, as market sentiments continued to be muted," it said in a statement.

The cumulative sales for the domestic market in April-May, 2019 was at 82,684 units compared to 1,07,758 units over last year, registering a decline of 23 per cent.

business sales in the domestic market in May 2019 stood at 29,329 units, registering a decline of 20 per cent when compared to 36,806 units sold in the same month last year.

First Published: Sat, June 01 2019. 20:50 IST
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