Tata Motors registered total sales of 2,31,248 units in Q1 FY23, Grows by 101% over Q1 FY22
July 04, 2022 at 12:03 pm EDT
Share
Tata Motors Limited 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.
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'
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.'
Tata Motors Limited is the Indian leader in automotive construction. Net sales break down by activity as follows:
- sale of vehicles (83.6%): utility vehicles (366,909 units sold in 2020/21), commercial vehicles (257,136 sold) and passenger vehicles (213,738 units sold) marketed under the Tata, Fiat, Jaguar and Land Rover brands;
- sale of spare parts (9.9%);
- sales financing services (1.6%);
- other (4.9%): manufacturing of construction equipment, electronic and plastic components, etc.
Net sales are distributed geographically as follows: India (20.2%), the United Kingdom (14.9%), Europe (13.6%), the United States (18.8%), China (17.9%) and other (14.6%).
TATA MOTORS LIMITED 
