Tata Motors on Saturday announced decade high monthly automobile sales in December 2021 at 35,299 units and quarterly sales of 99,002 units in Q3 FY22, setting several new milestones in its growth journey.
The company’s sales in the domestic and international market for Q3 FY22 stood at 1,99,633 vehicles, compared to 1,58,218 units during Q3 FY21. Electric vehicle sales also crossed the 2,000 monthly sales landmark for the first time in December 2021 with sales of 2,255 units. “This was achieved, according to Shailesh Chandra, President of Passenger Vehicles Business Unit, “despite witnessing a shortfall in production due to the ongoing semi-conductor crisis.
“Decade high quarterly sales in Q3 FY 22 showing a growth of 44% vs Q3 FY21 and monthly sales in December 2021 showing growth of 50% vs December 2020 were recorded. Going forward, semi-conductor supplies will remain the key source of uncertainty. Additionally, the impact of the new strain of Covid needs to be closely tracked,” added Chandra.
In addition, the company also posted calendar year sale of 3,31,178 units (CY21), highest ever since the inception of the PV business, backed by the overwhelming market response to Tata Punch launched in October ’21 which has further boosted demand for the company’s “New Forever” range of cars and SUVs. The commercial vehicle domestic sale in Q3 FY22 at 90,529 units was 10% higher than the same quarter last year (Q3 FY21) and the retail was ahead of whole sale by 15% in December 2021, enabling inventory alignment.
According to Girish Wagh, Executive Director, Tata Motors, the SCV and ILCV segments continued to benefit from the growth in e-commerce, increasing need for last-mile delivery and construction and infrastructure spending by Central and state Governments.
Rising activity in sectors such as mining, petroleum-oil-lubricants and allied industries also facilitated the demand for medium and high commercial vehicles. Records were also created on the electric vehicle front as EV sales witnessed a new peak of 5,592 units in Q3 FY22 (growth of 345% vs Q3 FY21). Consequently, EV penetration touched 5.6% of PV sales during the quarter versus 1.8% in the same period last financial year. The increasing demand for Nexon EV and Tigor EV as well as the revival of the EV fleet segment were instrumental in driving this steep growth.