Tata Motors total domestic sales up 10% in December

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Biznextindia : Tata Motors on Sunday reported a 10 per cent increase in total domestic sales at 72,997 units in December 2022, as against 66,307 units in the same month previous year.

Passenger vehicle sales in the domestic market stood at 40,043 units last month as against 35,299 units in December 2021, a growth of 13.4 per cent.

Sales of electric passenger vehicles, including exports, were at 3,868 units last month as compared to 2,355 units in December 2021, up 64.2 per cent, Tata Motors said in a statement.

“For Tata Motors passenger vehicles, CY22 has been a momentous year as we outpaced industry growth and crossed the distinctive milestone of 5 lakh units comfortably to post wholesale of 526,798 units. Last quarter (Q3FY23) was one of the best quarters for the PV industry with strong retails from new launches, robust festive demand, and adequate supply of vehicles. Tata Motors PV posted the highest ever quarterly and monthly retails in Q3FY23 and Dec’22, respectively. We also crossed the coveted 50,000 units of monthly retail for the first time. Wholesales recorded in Q3FY23 were of 131,297 units (growth of 32.6% vs Q3 FY22) and in Dec’22 of 40,043 units (growth of 13.4% vs Dec’21) with the popular SUV range continuing to contribute to two-third of the sales volumes. EVs posted their highest ever sales in Q3FY23 at 12,596 units (growth of 116.2%) and crossed the landmark cumulative sales milestone of 50,000 units. Tiago.ev received tremendous response, post the bookings opening during the quarter; deliveries to start in Jan’23. Going forward, we expect the growth momentum for EVs to remain strong with their rising popularity and the announcement of progressive policies by several states. Overall, we expect the PV industry to continue witnessing robust demand in the next quarter. We intend to remain vigilant and closely monitor any possible impact on the supply side due to rising COVID case globally” said Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd.

 

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