Total domestic sales were at 10,101 units last month as compared to 14,205 units in July 2018, down 29 per cent, the company said in a statement.
The truck-maker will take a closer look at administrative overheads, manufacturing and sales expenses, and the annual spending on distribution of its own trucks to cut costs.
Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 20.7 billion Mahindra Group, today announced its tractor sales numbers for July 2019.
It had sold 5,610 units in in the same month of 2018.
The BharatBenz BS-VI engine and after-treatment system are built on the SCR (selective catalytic reduction) based technology which the brand pioneered since introduction of BS-IV in 2017, it added.
Total domestic sales were at 12,085 units last month as compared to 14,091 units in June last year, down 14 per cent, the company said in a regulatory filing.
The company unveiled its Eicher Pro 2000 series of light- and medium-duty trucks in two variants—Eicher Pro 2049 and Eicher Pro 2095XP.
The city-based heavy commercial vehicle major has earmarked Rs 1,000 crore as capital expenditure for financial year 2019-20
Tata Motors currently has a market share of 40.1 per cent in the SCV and pick-up segment. The company has already sold over 20 lakh units of Tata Ace till date.
Crisis in the NBFCs that finance more than half of new truck sales has affected the sector.
The total deal value of both the transactions put together is Rs. 305 crore, subject to adjustment of actual debt in DLTM, the company said in a statement to exchanges late Friday evening.
Ashok Leyland said the order arrives after the successful operation of 475 buses to Senegal’s Dakar Dem Dikk.
The company is banking on its new range of medium and heavy commercial vehicles (M&HCV) and light commercial vehicles (LCVs) to help it enter new regions.
Daimler India Commercial Vehicles, which started operations in 2012, broke even in 2018 when it clocked 35% growth in truck sales to 22,532 units.
Toyota had announced plans of bringing in the Hiace in 2018 but had to defer it due to currency fluctuation and changing regulatory landscape.
Both the vehicles will be available across 16 Tata Motors authorized dealerships in Karnataka including Mangalore, Bengaluru and Hubli, a press release said.
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