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Tata Motors’ domestic sales up in Q2

by BQ News Bureau
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Tata Motors announced its sales in the domestic and international market, for the second quarter this year, which stood at 1,10,379 vehicles compared to 1,05,031 units during the corresponding period last year.

Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors, said, “Tata Motors’ commercial vehicle domestic sales in the second quarter is at 52,094 units, 23 per cent lower than Q2FY20. However, it is significantly higher than the previous quarter (Q1 FY21) on the back of gradually increasing demand and improving supply situation. In September, the sale at 23,245 units was 38 per cent higher than last month while being 4.3 per cent below September 2019. Offtake was higher than retail, as we prepare for sequential improvement in retails in the coming months.”

Total MHCVs sales in FY21, including MHCV truck, buses and international business, stood at 13,168 units compared to 53,544 units in FY20.

Shailesh Chandra, President, Passenger Vehicles Business Unit, Tata Motors, said, “PV industry witnessed a 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 Sept 2019. The company also sold 924 EVs in Q2FY21, with an encouraging response received for Nexon EV.”

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