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Tata Motors books 21% growth with 25,730 units in September 2021
Tata Motors PV business posted nearly a decade high quarterly sale of 83,933 units, registering a strong growth of 53% versus Q2FY21
Tata Motors today announced its sales in the domestic and international market, for Q2 FY22, which stood at 1,71,270 vehicles, compared to 1,10,345 units during Q2 FY21.
Tata Motors total passenger vehicles sale in September stood at 25,730 units, against 21,199 units in the same month last year. The company registered 21 per cent growth in September 2021. Total Domestic sales was 55,988 units, an increase of 26 per cent, against 44,410 units same months last year.
Shailesh Chandra, President, Passenger Vehicles Business Unit, Tata Motors Ltd. said, “Tata Motors PV business posted nearly a decade high quarterly sale of 83,933 units, registering a strong growth of 53% versus Q2FY21. This growth has come on the back of demand recovery in the industry post the Covid second wave and a strong response to its ‘New Forever’ range of cars and SUVs."
He further added: "In Sep’21, Tata Motors PV Business sold 25,730 units, posting a growth of 21% vs Sep’20, despite a major industry-wide shortage of electronic components. In the EV segment, the company for the second month in succession crossed the 1,000-unit milestone to register its highest ever monthly and quarterly sales of 1,078 units and 2,704 units respectively."
He also mentioned, "EV sales recorded nearly a three-fold growth with the rising acceptance and popularity of the Nexon EV and Tigor EV. Looking ahead, the demand for cars and SUVs is expected to remain strong in the forthcoming festive season; however, the supply situation for electronic components may continue to witness challenging times.”
Similarly in the Commercial Vehicle category, Tata Motors domestic commercial vehicles sale in September stood at 30,258 units against 23,211 units same month last year. It posted a growth of 30 per cent.Total Commercial Vehicle sales including domestic sales and export, stood at 33,258 units against 24,876 units same month corresponding year. It registered a growth of 34 per cent.
Total MHCVs sale in Q2 FY22 including MHCV Truck, Buses and International Business stood at 24,067 units compared to 10,525 units in Q2-FY21.
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Girish Wagh, Executive Director, Tata Motors said, “Tata Motors’ Commercial Vehicle domestic sale in Q2 FY22 at 78,226 units was 80% higher than the previous quarter and 50% higher the same quarter last year (Q2 FY21). Post the 2nd COVID wave, markets are witnessing gradual demand recovery across most segments led by M&HCVs with improving fleet utilization levels, higher number of road construction projects awarded and improving cement consumption."
He further added: "International business continued the recovery momentum and grew by ~28% over the previous quarter and 155% over the same quarter last year (Q1 FY21). Semiconductor shortage continues to impact the auto industry globally. The impact of supply shortage due to restrictions in East Asia continued in September, leading to moderation of production and offtake volumes. The situation is fluid and we continue to work to mitigate the impact on our customer orders through an agile, multi-pronged approach.”
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