New Delhi: Auto major Tata motors on Friday reported a 26% growth in domestic sales at 55,988 units in September 2021.
The company had sold 44,410 units in the same month last year.
In the Passenger vehicle segment, the automaker witnessed a growth of 21% to 25,730 units in September 2201 as against 21,199 units sold in September 2020.
Tata Motors sold 24,652 units of ICE cars and 1078 units of electric cars during the month under review.
Shailesh Chandra, president, passenger vehicles business unit, Tata Motors Ltd, said, “This growth has come on the back of demand recovery in the industry post the Covid second wave and a strong response to its ‘New Forever’ range of cars and SUVs.”
“In the EV segment, the company for the second month in succession crossed the 1,000 unit milestone to register its highest ever monthly and quarterly sales of 1,078 units and 2,704 units respectively. EV sales recorded nearly a three-fold growth with the rising acceptance and popularity of the Nexon EV and Tigor EV. Looking ahead, the demand for cars and SUVs is expected to remain strong in the forthcoming festive season; however, the supply situation for electronic components may continue to witness challenging times,” he said.
In the commercial vehicle segment, the auto major sold 30,258 units in the domestic market last month, marking a growth of 30% as against 23,211 units sold in September 2020.
Exports for the company stood at 3,000 units in September compared to 1,665 units in the same month last year.
Girish Wagh, executive director, Tata Motors Lt, said, “Post the 2nd Covid wave, markets are witnessing gradual demand recovery across most segments led by M&HCVs with improving fleet utilization levels, higher number of road construction projects awarded and improving cement consumption.”
“International business continued the recovery momentum and grew by ~28% over the previous quarter and 155% over the same quarter last year (Q1 FY21). Semiconductor shortage continues to impact the auto industry globally. The impact of supply shortage due to restrictions in East Asia continued in September, leading to moderation of production and offtake volumes. The situation is fluid and we continue to work to mitigate the impact on our customer orders through an agile, multi-pronged approach,” he said.