Nano sales declined over 88% during the month compared to 8,028 units sold in April last year

What started as a promise to be ‘the People’s car’, Tata Motors’ Nano is finding it tough to get going with customers turning their backs to the model, sales for which have been dwindling and clocked just 948 units in April this year.

Amid a slowdown of automobile market in India, Nano sales declined over 88 per cent during the month compared to 8,028 units sold in April last year, according to the information provided by Tata Motors to the BSE.

During last month, the company did not export any Nano. In April 2012 also, not a single unit of the car was exported, although the company had started selling the car in Sri Lanka in 2011.

Even in the last financial year, the Nano was on a downhill drive. As per the Society of Indian Automobile Manufacturers (SIAM), Tata Motors witnessed a fall of 27.75 per cent in Nano’s sales numbers last fiscal at 53,848 units compared to 74,527 units in 2011-12.

In the last fiscal, the company exported just 166 units of the Nano compared to 3,462 units in the previous financial year, down 95.21 per cent.

Alarmingly for Tata Motors, Nano is not the only model that is witnessing declining sales. It reported 14.85 per cent decline in its total vehicle sales at 51,160 units in April 2013 as against 60,086 units in the same month last year.

The total passenger vehicle sales in the domestic market stood at 11,570 units in April, down 48.94 per cent from 22,658 units in the same month last year.

For more visit: Business Standard

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