TATA Motors Domestic Sales Up

Tata Motors registered domestic sales of 1,06,888units in Q2FY21Mumbai, October1, 2020:

Tata Motors Limited today announced its sales in the domestic & international market, for Q2FY21, which stood at 1,10,379vehicles, compared to 1,05,031units during Q2FY20. 

Domestic Sales Performance:

Domestic – Commercial Vehicles: Mr. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. said, “Tata Motors’ commercial vehicle domestic sales in Q2FY21at 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.

Total MHCVs sales in FY21 including MHCV Truck, Buses and International Business stood at13,168 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  of54,794  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.”

Filed in: Auto, Logistics, Road, Uncategorized

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