Tata Motors registered totalsales of 2,43,387units in Q2FY23 Grows by42% over Q2FY22

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Mumbai, October 4,2022: Tata Motors Limited today announced its sales in the domestic & international market, for Q2FY23, which stood at 2,43,387 vehicles, compared to 1,71,270units during Q2FY22.

Domestic Sales Performance:

Category Sept

22 Sept

21 Growth

(y-o-y) Q2

FY23 Q2

FY22 Growth

(y-o-y)

Total Domestic Sales 80,633 55,988 44% 2,36,090 1,62,159 46%

Commercial Vehicles:

Mr. Girish Wagh, Executive Director, Tata Motors Ltd. said, “The commercial vehicles industry witnessed a consistent demand in Q2FY23. Tata Motors CV business registered a 20% growth in domestic sales over Q2FY22, recording sales of 93,675 units during the quarter. This growth was led by stronger sales of MHCVs and a robust recovery in passenger carriers demand. Improving fleet utilizations, pick up in road construction projects and increase in cement consumption catalysedthe demand recovery for MHCVs. CV exports however shrunk sharply by 22% due to the economic situation in Sri Lanka and Nepal though it improved sequentially by ~30%. The recent exciting launches of the newrange of smart trucks in MHCV and ILCV, and best-in-class pickups will help us serve our customers better. Going forward, while we expect a strong sales in the festive season we will maintain a close watch on the evolving geopolitical, inflation and interest raterisks on both the supply and demand.“

Category Sept

22 Sept

21 Growth

(y-o-y) Q2

FY23 Q2

FY22 Growth

(y-o-y)

M&HCV 9,983 8,609 16% 27,232 19,865 37%

I&LCV 5,144 5,600 -8% 13,725 13,584 1%

Passenger Carriers 2,287 1,085 111% 8,040 2,760 191%

SCV cargo and pickup 15,565 14,964 4% 44,768 42,017 7%

Total CV Domestic 32,979 30,258 9% 93,765 78,226 20%

CV Exports 1,911 3,000 -36% 6,771 8,661 -22%

Total CV 34,890 33,258 5% 1,00,536 86,887 16%

Domestic sale of MH&ICV in Q2 FY23, including trucks and buses, stood at 38,143 units, compared to 29,401 units in Q2 FY22. Total sales for MH&ICV Domestic & International Business in Q2 FY23, including trucks and buses, stood at 40,556 units, compared to 33,737 units in Q2 FY22.

Passenger Vehicles:

Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd.said, “The PV industry witnessed strong demand during Q2FY23 fuelled by the festive season and new launches. Tata Motors scaled new highs in passenger vehicles with sales of 142,325 units during the quarter, recording a growth of ~70% versus Q2FY22. The company also attained its highest ever monthly sales of 47,654 in Sep’22, posting 85% growth versus Sep’21. Led by record setting sales of Nexon and Punch, SUV sales contributed a rich ~66% of the quarterly PV sales. In electric vehicles, the company once again posted record-breaking sales of 11,522 units in Q2FY23, registering a growth of 326% versus Q2FY22. With the recent launch of the Tiago EV, the company has opened new vistas and is poised to drive the mass adoption of EVs across the country. Going forward, we expect the festive season will witness strong retails on the back of improving supply of vehicles.”

Category Sept

22 Sept

21 Growth

(y-o-y) Q2

FY23 Q2

FY22 Growth (y-o-y)

PV ICE 43,999 24,652 78% 1,30,803 81,229 61%

PV EV 3,655 1,078 239% 11,522 2,704 326%

Total PV Domestic 47,654 25,730 85% 1,42,325 83,933 70%

PV IB 210 168 25% 526 450 17%

Total PV 47,864 25,898 85% 1,42,851 84,383 69%

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

 

 

 

 

 

 

 

TejGujarati