Tata Motors Ltd
Tata Motors registers total sales of 2,43,459 units in Q4 FY22
Kolkata/UNI: Tata Motors Ltd on Thursday announced its sales in the domestic and international market, for Q4 FY22, which stood at 2,43,459 vehicles, compared to 1,91,373 units during Q4 FY21.
Executive Director for Tata Motors Ltd Girish Wagh said, “Tata Motors' Commercial Vehicle domestic sale in Q4 FY22 at 1,10,027 units was 21 percent higher than the previous quarter (Q3 FY22), and 12 percent higher than the same quarter last year (Q4 FY21).
"The MHCV segment grew by over 51 percent vs the previous quarter, while being 20 percent ahead of the same quarter (Q4) last year, on the back of increased activity in road construction, mining and improved infrastructure spending by the Central and State Governments.
"ILCVs grew by 18 percent vs Q3 and eight percent vs Q4 last year, supported by growth in e-commerce and agriculture."
Regarding the SCYPU segment, he said, "The SCVPU segment largely remained flat on a quarterly basis while being 5 percent ahead of last year's same quarter. Early signs of recovery were seen in the otherwise worst impacted CV passenger segment."
"The International business continued the momentum and grew by ~ three percent over the previous quarter (Q3FY22) while being 16 percent above the same quarter last year (Q4 FY21). We are cautiously optimistic about domestic MHCV & ILCV demand while keeping a close watch on geopolitical developments, fuel inflation and semiconductor shortage,” he added.
MD at Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd Shailesh Chandra said, “Tata Motors set several new records in a challenging year, disrupted by two waves of Covid, semiconductor crisis and steep increase in commodity prices.We recorded the highest ever annual sales of 370,372 units, registering a growth of 67 percent vs FY21."
"Tata Motors ended the financial year with the highest ever monthly sales of 42,293 units, a growth of 43 percent vs. March'21 and the highest ever SUV sales of 29,559 units," he said.
On the other hand, the company's Electric Vehicles (EV's) sales witnessed a rapid growth in demand on the back of strong acceptance of Nexon EV and Tigor EV.
The annual EV sales touched 19,106 units, a growth of 353 percent vs FY21.
Quarterly sales of EV were highest at 9,095 units, a growth of 432 percent vs Q4 FY21, while the EV sales for March'22 was also the highest at 3,357 units, a growth of 377 percent vs Mar'21.
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