Tata Motors registered 37% growth in domestic sales

tata-motors-registered-37-growth-in-domestic-sales

Mumbai, October 02, 2020.

Tata Motors Limited today announced its sales in the domestic & international market, for Q2 FY21, which stood at 1,10,379 vehicles, compared to 1,05,031 units during Q2 FY20. 

Domestic Sales Performance:

Category

Sept ‘20

Sept ‘19

% Change

Q2 FY21

Q2 FY20

% Change

Total Domestic Sales

44,444

32,376

37%

1,06,888

94,454

13%

Domestic - Commercial Vehicles:

Mr. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. said, “Tata Motors’ commercial vehicle domestic sales in Q2 FY21 at 52,094 units was ~23% lower than Q2FY20. However, it was significantly higher than the previous quarter (Q1 FY21) on the back of gradually increasing demand and improving supply situation. In September’20, the sale at 23,245 units was 38% higher than last month while being 4.3% below September’19. Off take was higher than retail, as we prepare for sequential improvement in retails in the coming months. Our BSVI products are receiving very good response from customers, as these deliver on the promise of better earnings potential across applications, along with enhanced comfort, connectivity and performance.

   Category

Sept ‘20

Sept ‘19

% change

Q2 FY21

Q2 FY20

% Change

M&HCV

4,606

5,082

-9%

9,137 

 15,887

 -43%

I & LCV

3,339

3,528

-5%

6,829 

9,847

 -31%

Passenger Carriers

778

2,159

-64%

 1,949

 7,293

 -73%

SCV cargo and pickup

14,522

13,510

7%

 34,179

 35,529

 -4%

Total Domestic

23,245

24,279

-4%

 52,094

 68,556

 -24%

CV Exports

1,665

3,800

-56%

 3,393

10,046

-66% 

Total CV

24,910

28,079

-11%

 55,487

78,602

-29%

 

Total MHCVs sales in FY21 including MHCV Truck, Buses and International Business stood at 13,168 units compared to 53,544 units in FY20.

Domestic - Passenger Vehicles:

Mr. Shailesh Chandra, President, Passenger Vehicles Business Unit, Tata Motors Ltd. said, “PV industry witnessed recovery in Q2FY21, supported by festive sales in some regions and continued benefit from pent-up demand across the country. In September 2020, wholesales were higher than retail ahead of the festive season. Despite challenges owing to rising Covid-19 cases across the country, supply-side has been progressively improving. Tata Motors PV business posted a wholesale of 54,794 units in Q2FY21, which is 112% growth as compared to Q2FY20. For September 2020, wholesale of 21,199 units was 163% higher than Sep 2019. This steep growth is attributed to increased demand for all our products in the “New Forever” range. The company also sold 924 EVs in Q2FY21, with an encouraging response received for Nexon EV.” 

Category

Sept ‘20

Sept ‘19

% Change

Q2 FY21

Q2 FY20

% Change

Total PV

21,199

8,097

163%

54,794

25,898

112%