First Indian Company to Million Vehicle Sales – Great Tata Motors
After acquisition of Jaguar Land Rover(JLR), Tata Motors has suffered with many issues in the Automotive Industry. The Chinese trade policy and the Brexit deal in the United kingdom were downgraded the JLR Brand. Tata Motors reported its net loss of Rs. 26,000 Crore in its Consolidated Revenue, in the last quarter – Q3FY19.
However, the company alone itself had taken a net profit of Rs. 618 Crore and revenue of 16,200 Crore rupees in the last quarterly results. The Tata Motors alone profit was six times more than the Q2FY19 net profit.
In the year of 2018, Tata Motors reaches the One Million Vehicle Sales Record and achieved this position as it is ranked 16th in the Automobile industry globally. The company has sold 10.49 lakh (One Million) Vehicles worldwide in 2018. Tata Motors was the first company to sell over one million vehicles in a single year.
The Vehicle sales came from Light Vehicles include Cars, Vans, Small utility Vehicles(SUV) and the commercial vehicles which is up to 3.5 Tonnes. The Total number of vehicles sold by Tata Motors in the year 2018 was 10.49 Lakh. It was seen as 9.86 lakh vehicles sales record in the year 2017.
When it comes to sales volume globally, Volkswagen Group(VG) topped in the first, followed by Toyota is the second largest automobile company in Sales. Renault-Nissan company stands at third. General Motors(GM) and Hyundai-Kia were ranked in the Fourth and Fifth place.
For the past few years, Tata Motors has a very bad revenue and is in it’s worst performance. We expect that this company will have many changes going in the Vehicle Industry and it will come back strongly.
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