INSUBCONTINENT EXCLUSIVE:
Tata Motors reported a 50 per cent jump in total PV sales to 35,299 units in DecemberTata 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
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
