Tata Motors registered total sales of 2,31,248 units in Q1 FY 23Grows by 101% over Q1 FY22

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Mumbai, July 1, 2022: Tata Motors Limited today announced its sales in the domestic & international market, for Q1 FY23, which stood at 2,31,248 vehicles, compared to 1,14,784 units during Q1 FY22.

Domestic Sales Performance:

Category June

22 June

21 Growth (y-o-y) May

22 Growth

(m-o-m) Q1

FY23 Q1

FY22 Growth (y-o-y) Q4

FY22 Growth

(q-o-q)

Total Domestic Sales 79,606 43,704 82% 74,755 6% 2,25,828 1,07,786 110% 2,33,078 -3%

Commercial Vehicles:

Mr. Girish Wagh, Executive Director, Tata Motors Ltd. said, “Tata Motors Commercial Vehicles domestic sale in Q1 FY23 at 95,703 units was 121% higher than Q1 FY22 (a COVID impacted quarter) while being 13% lower than the previous quarter Q4 FY22. The growth in Q1 has been broad-based across regions and segments. The M&HCV and I&LCV segments grew by 104% and 138%, respectively, over the same quarter (Q1) last year on the back of increased activity in road construction, mining, and growth in agriculture and e-commerce. SCV demand from last-mile distribution has remained robust backed by continued consumer spending. CV Passenger saw a strong recovery, with a 57% increase over Q4 FY22, due to the opening of schools and replacement of staff buses. The International Business declined by 23% over Q1 FY22, majorly due to a drop in industry volume on account of the financial crisis in Sri Lanka and Nepal. Going ahead, we remain cautiously optimistic about overall demand while keeping a close watch on interest rates, transporter profitability, commodity prices and semiconductor availability”

Category June

22 June

21 Growth (y-o-y) May

22 Growth

(m-o-m) Q1

FY23 Q1

FY22 Growth (y-o-y) Q4

FY22 Growth

(q-o-q)

M&HCV 9,191 5,243 75% 8,409 9% 26,089 12,768 104% 33,392 -22%

I&LCV 4,718 2,785 69% 4,474 5% 13,735 5,762 138% 18,680 -26%

Passenger Carriers 3,868 943 310% 3,632 6% 9,637 2,184 341% 6,155 57%

SCV cargo and pickup 16,632 10,623 57% 14,899 12% 46,242 22,686 104% 51,800 -11%

Total CV Domestic 34,409 19,594 76% 31,414 10% 95,703 43,400 121% 1,10,027 -13%

CV Exports 2,856 2,506 14% 1,404 103% 5,218 6,745 -23% 9,843 -47%

Total CV 37,265 22,100 69% 32,818 14% 1,00,921 50,145 101% 1,19,870 -16%

Domestic sale of MH&ICV in Q1 FY23, including trucks and buses, stood at 37,491 units, compared to 16,977 units in Q1 FY22. Total sales for MH&ICV Domestic & International Business in Q1 FY23, including trucks and buses, stood at 39,696 units, compared to 20,243 units in Q1 FY22.

Passenger Vehicles:

Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd. said, “Demand for passenger vehicles continued to stay strong in Q1 FY23 even as the supply side remained moderately impacted due to the lockdown in China. Overcoming the challenges, Tata Motors posted record-breaking monthly sales (June’22) as well as quarterly sales (Q1 FY23). For the month of June’22, sales were highest ever at 45,197 units, registering a growth of 87% versus June’21. Quarterly sales for Q1 FY23, at 130,125 units, was also the highest ever, posting a growth of 102% versus Q1 FY22. Our SUV portfolio contributed 68% of Q1FY23 sales. Electric vehicle sales attained new heights with quarterly sales of 9,283 in Q1 FY23 and highest-ever monthly sales of 3,507 units in June’22. Nexon EV Max launched in May’22, has witnessed strong demand. Going forward, we expect the supply side, including that of critical electronic components to progressively improve. We will continue to keep a close watch on the evolving demand and supply situation and take appropriate actions.”

Category June

22 June

21 Growth (y-o-y) May

22 Growth (m-o-m) Q1

FY23 Q1

FY22 Growth (y-o-y) Q4

FY22 Growth (q-o-q)

PV ICE 41,690 23,452 78% 39,887 5% 1,20,842 62,671 93% 1,13,956 6%

PV EV 3,507 658 433% 3,454 2% 9,283 1,715 441% 9,095 2%

Total PV Domestic 45,197 24,110 87% 43,341 4% 1,30,125 64,386 102% 1,23,051 6%

Includes sales of Tata Motors Passenger Vehicles Limited, a subsidiary of Tata Motors Limited.

 

 

 

 

 

 

 

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