Passenger vehicle sales were at 21,199 units in September 2020, increasing by 163% compared to sales of 8,097 units in the same month of the previous year.
Shailesh Chandra, President, Passenger Vehicles Business Unit, Tata Motors Ltd. said, “PV industry witnessed a recovery in Q2FY21, supported by festive sales in some regions and continued benefit from pent-up demand across the country. In September 2020, wholesales were higher than retail ahead of the festive season. Despite challenges owing to rising Covid-19 cases across the country, supply-side has been progressively improving. Tata Motors PV business posted a wholesale of 54,794 units in Q2FY21, which is 112% growth as compared to Q2FY20. For September 2020, wholesale of 21,199 units was 163% higher than Sep 2019. This steep growth is attributed to increased demand for all our products in the “New Forever” range. The company also sold 924 EVs in Q2FY21, with an encouraging response received for Nexon EV.”
On the other hand, commercial vehicle sales stood at 24,910 units in September 2020, declining by 11% compared to sales of 28,079 units in September 2020.
Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. said, “Tata Motors’ commercial vehicle domestic sales in Q2FY21 at 52,094 units was ~23% lower than Q2FY20. However, it was significantly higher than the previous quarter (Q1 FY21) on the back of gradually increasing demand and improving supply situation. In September’20, the sale at 23,245 units was 38% higher than last month while being 4.3% below September’19. Offtake was higher than retail, as we prepare for sequential improvement in retails in the coming months. Our BSVI products are receiving a very good response from customers, as these deliver on the promise of better earnings the potential across applications, along with enhanced comfort, connectivity and performance."
In Q2FY21, total commercial vehicles sale stood at 55,487 units contracting by 29% yoy. Meanwhile, the passenger vehicle segment remains robust with sales of 54,794 units increasing by 112% yoy.