Tata Motors Limited today announced its sales in the domestic & international market, for Q3 FY21, which stood at 158,215 vehicles, compared to 129,381 units during Q3 FY20.
Mr. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. said, “Tata Motors’ Commercial Vehicle domestic sales in Q3FY21 at 82,155 units was 48% higher than the previous quarter and recovered to be broadly in line with Q3FY20 (-3.5%).
M&HCVs and ILCVs led the recovery, growing by 10% and 7% respectively over Q3FY20, with higher demand in infrastructure including road construction, mining, and e-commerce.
The offtake continued to be higher than retail to support sequential month on month growth in retail while ensuring healthy inventory levels in the pipeline. We continue to monitor and work on the supply chain to improve availability, especially of electronic components, which impacted the output at the end of Q3.”
Total MHCVs sale in Q3 FY21 including MHCV Truck, Buses, and International Business stood at 21,476 units compared to 23,742 units in Q3-FY20.
*Vehicles supplied to Andhra Pradesh State Civil Supplies Corporation Limited awaiting inspection by the authorities.
Domestic – Passenger Vehicles:
Mr. Shailesh Chandra, President, Passenger Vehicles Business Unit, Tata Motors Ltd. said, “The PV industry continued to grow robustly in Q3FY21, owing to pent-up demand, strong festive season, and shift towards personal mobility.
Tata Motors PV Business has been witnessing a strong response for its ‘New Forever’ range, which is being supported by the continuous ramp-up of supplies.
In Q3FY21, PV business posted a growth of 89% as compared to Q3FY20 – the highest ever sales in the last 33 quarters.
For Dec’20, wholesale was higher by 84%, compared to Dec’19. Retail sales were 18% higher than wholesale for the month and pipeline inventory remains thin.
We are continuing to debottleneck the supply chain and ramp up our output to meet the increased demand while addressing the availability of electronic components. With the growing popularity of Nexon EV, the company also posted an impressive sale in EVs with highest-ever quarter wholesale of 1,253 units in Q3FY21 and 418 units in Dec’20.”
Shares of TATA MOTORS LTD. was last trading in BSE at Rs.186.45 as compared to the previous close of Rs. 183.7. The total number of shares traded during the day was 1158750 in over 6350 trades.
The stock hit an intraday high of Rs. 187 and intraday low of 184.55. The net turnover during the day was Rs. 215024994.