Tata Motors Reports Increase In Domestics Sales, Nexon EV Sees Highest Ever Monthly Sales

Tata Motors has reported an increase in its domestic sales with 43,704 units in June, a 78% hike as compared to May of this year where the carmaker managed to sell 24,552 units. While in June of last year the company saw 19,387 units being sold. Between June 20 and June 21 the company has seen a hike of 125% in units dispatched.

In the Passenger Vehicle (PV) segment, Tata Motors reports 24,110 units over 11,419 units in the same month last year, a 111% jump. Tata Nexon EV has posted the highest ever monthly sales of 650 units in the month of June 21

“In EV segment, despite witnessing difficult business conditions, the company posted the highest ever quarterly sales of 1,715 units. This was on the back of increasing demand for Nexon EV, which posted its highest-ever monthly sales of 650 units in June ’21. The PV industry continues to witness uncertainty on account of global semi-conductor shortage and rising commodity prices, while the demand side is on a progressive recovery path. We continue to see strong customer interest in our product offerings, resulting in a strong order book and we aim to fulfill those to the best of our abilities in this supply-constrained environment.” said Shailesh Chandra, President, Passenger Vehicles Business Unit, Tata Motors Ltd

The in the commercial vehicle (CV) segment Tata Motors has dispatched 22,100 units compared to 11,401 units in May 21, an increase of 150% compared to last year in June 20 the company had clocked a figure of 8,824 units.

“With easing restrictions and gradual reopening during the last fortnight of June’21, we are witnessing increasing inquiries and retails. International business continued the recovery momentum in Q1 FY22 and grew by 460% over Q1 FY21 as well as 24% over Q1 FY20. We continue to cautiously monitor the situation and dynamically align our business agility plans to the evolving scenario.” Noted Mr. Girish Wagh, ED & President, Commercial Vehicles Business Unit, Tata Motors Ltd.

With this Tata Motors closes the Q1 of FY22 with 64,386 units for PV Sales, a 342% increase over Q1 FY21. In the CV segment, the company sees a growth of 382% with 50,145 units over 10,407 units in Q1 FY21