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HomeLatest Car NewsCoronavirus Effect: Tata Motors To Stop Reporting Monthly Sales

Coronavirus Effect: Tata Motors To Stop Reporting Monthly Sales

Coronavirus has brought down the whole world to a standstill. Affecting over 190 countries India is no exception. Currently, under a total lockdown, the automobile industry has been hit hard. Already having a bad last year, 2020 was expected to be the year the industry jumps back. This, however, didn’t come to pass due to the virus and the lockdown, there has been not even a single car sale in the last three weeks.

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Tata Motors
Tata Motors to not release monthly sales report

Following this Tata Motors have decided to not release a sales report every month. They will instead be releasing quarterly sales report which would have wholesale and retail figures.

Tata saw only a small sale of 12,924 units in March this year compared to 74,679 units March of last year. These sales are expected to get even worse as the lockdown will last till 15th April under normal conditions as money states are considering increasing the lockdown to the end of April.

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Tata Motors
Tata Motors to not release monthly sales report

The step to not release monthly sales reports is due to the volatile nature of the market. The monthly sales falling can cause investors to leave and to prevent this Tata Motors will release a quarterly report which will help both investors focus on long term dividend and the company for long term goals.

The lockdown has caused major problems for the automobile companies and more so for the small dealerships and OEM’s that were hit the hardest.

The lockdown is expected to increase as the coronavirus cases don’t appear to be slowing down at all. This can cause a major issue for the Automobile companies.

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Kartik Rangam
Kartik Rangam
Content Writer at GoMechanic | Loves Writing | Loves Cars | You know where this is heading | Level 12 Meme Lord | EVolution

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