Tata Motors Passenger Vehicle Sales Rose 50% To 35,299 Units In December

Tata Motors reported a 50 per cent jump in total PV sales to 35,299 units in December

Tata Motors reported a 50 per cent jump in total passenger vehicle (PV) sales to 35,299 units in December 2021. The company had sold a total of 23,545 units in the same month a year ago, according to a regulatory filing by Tata Motors to the stock exchanges today. In the October-December quarter, the company said its total passenger vehicle sales stood at 99,002 units, compared with 68,806 units sold the same period in the previous year, up 44 per cent.

“Tata Motors PV business growth journey continued and set several new milestones during the quarter despite witnessing a shortfall in production due to the ongoing semi-conductor crisis,” said Shailesh Chandra, Tata Motors President (Passenger Vehicles Business Unit).

”A decade-high quarterly and monthly sales were recorded. In addition, the company also posted a calendar year sale of 3,31,178 units in 2021, the highest ever since the inception of the PV business”, he added.

“Records were also created on the EV front as EV sales witnessed a new peak of 5,592 units in Q3 FY22 (growth of 345 per cent versus Q3 FY21),” said Chandra. Electric vehicle (EV) sales also touched 10,000 units in the first nine months of the ongoing fiscal and crossed 2,000 monthly sales landmark for the first time in December 2021 at 2,255 units.

On the commercial vehicles front, the company said it sold 34,151 units in December 2021, compared to 32,869 units in the year-ago month, up four per cent. For the third quarter of the current fiscal, the total commercial vehicle sales stood at 1,00,070 units, compared to 89,323 units in the same period previous fiscal – registering a growth of 12 per cent.

“The SCV (small commercial vehicle) and ILCV (intermediate and light commercial vehicle) segments continued to benefit from the growth in e-commerce and the increasing need for last-mile delivery,” Tata Motors Executive Director Girish Wagh said.

On Friday, December 31, shares of Tata Motors settled 2.55 per cent higher at Rs 482.35 apiece on the BSE.

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