Tata Motors reported a 50 percent increase in total passenger car 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 with the exchanges today. .
In the October-December quarter, the company said total passenger car sales were 99,002 units, compared to 68,806 units sold in the same period last year, an increase of 44 percent.
“Tata Motors PV business continued to grow and reached several new milestones during the quarter, despite a production shortage due to the ongoing semiconductor crisis,” said Shailesh Chandra, president of Tata Motors (Business Unit Passenger Vehicles). ).
Decade-high quarterly and monthly sales were recorded. In addition, the company also posted calendar year sales of 3,31,178 units in 2021, the highest since the PV business began, he added.
“Records were also set in EVs as electric vehicle sales hit a new peak of 5,592 units in Q3 FY22 (growth of 345 percent versus Q3 FY21), Chandra said.
Electric vehicle (EV) sales also reached 10,000 units in the first nine months of the current fiscal year, surpassing the 2,000 monthly sales milestone for the first time in December 2021, by 2,255 units, he added.
“Going forward, semiconductor supplies will continue to be the main source of uncertainty. In addition, the impact of the new strain of COVID-19 will need to be closely monitored. We will continue to work on a business agility plan and take proactive measures to mitigate these risks ‘ said Chandra.
In the commercial vehicle space, the company said it sold 34,151 units in December 2021, up from 32,869 units in the same month a year earlier, an increase of four percent.
For the third quarter ended December 2021, total CV sales were 1,00,070 units, up from 89,323 units in the same period last fiscal year, a growth of 12 percent.
“The SCV (small commercial vehicles) and ILCV (medium and light commercial vehicles) segments continued to benefit from the growth in e-commerce and the increasing need for last-mile delivery,” said Girish Wagh, Executive Director of Tata Motors.
Construction and infrastructure spending by central and state governments plus rising activity in sectors such as mining, oil-oil lubricants and related industries facilitated demand for M&HCVs (medium and heavy-duty vehicles), he added.
“Going forward, we expect the situation to remain fluid as the semiconductor shortage continues, cases of COVID-19 begin to increase and underlying demand continues to be under pressure,” he said.
Wagh added that the company is closely monitoring the evolving situation and is sharpening its flexible, multi-faceted approach to fulfilling customer orders.