Tata Motors Reports 28% Hike In September Sales, Says Semi-Conductor Shortage Is A Challenging Issue
Tata Motors Limited registered sales in the domestic & international market, for Q2 FY22, at 1,71,270 vehicles, compared to 1,10,345 units during Q2 FY21. In the month of September 2021, The company has reported a total domestic sales of 59,156 units in September 2021 a 28% jump from 46,129 units in the corresponding month last year.
In the Commercial Vehicle Segment, Tata Motors has reported a 34% jump in total units sold in the month of September 2021, compared to last year, with 88% hike in Medium and Heavy Commercial Vehicles. 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.
Girish Wagh, Executive Director, Tata Motors Ltd. said, “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. 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.”
Tata Motors Passenger Vehicle Business sold 25,730 units, posting a growth of 21% compared to Sep’20, the Electric Vehicle Division sold 1078 units compared to 308 units in September last year. The company has also reported a 53% jump in quarterly sales in Q2FY22 with 83,933 units compared to Q2FY21.
Shailesh Chandra, President, Passenger Vehicles Business Unit, Tata Motors Ltd. said, “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. 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. 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.”
Domestic Sales :
Category | Sept‘21 | Sept’20 | % Change | Q2 FY22 | Q2 FY21 | % Change |
Total Domestic Sales | 59,156 | 46,129 | 28% | 1,71,270 | 1,10,345 | 55% |
Commercial Vehicles:
Category | Sept‘21 | Sept’20 | % Change | Q2 FY22 | Q2 FY21 | % Change |
M&HCV | 8,609 | 4,572 | 88% | 19,865 | 9,103 | 118% |
I & LCV | 5,600 | 3,339 | 68% | 13,584 | 6,829 | 99% |
Passenger Carriers | 1,085 | 778 | 39% | 2,760 | 1,949 | 42% |
SCV cargo and pickup | 14,964 | 14,522 | 3% | 42,017 | 34,179 | 23% |
Total Domestic | 30,258 | 23,211 | 30% | 78,226 | 52,060 | 50% |
CV Exports | 3,000 | 1,665 | 80% | 8,661 | 3,393 | 155% |
Total CV | 33,258 | 24,876 | 34% | 86,887 | 55,453 | 57% |
Passenger Vehicles:
Category | Sept‘21 | Sept’20 | % Change | Q2 FY22 | Q2 FY21 | % Change |
PV ICE | 24,652 | 20,891 | 18% | 81,229 | 53,870 | 51% |
PV EV | 1078 | 308 | 250% | 2,704 | 924 | 193% |
Total PV | 25,730 | 21,199 | 21% | 83,933 | 54,794 | 53% |
