Tata Motors PV Business posted its highest ever sales in 9-years, in March 21 and Q4 FY21!
Tata Motors Limited today announced its sales in the domestic & international market, for Q4 FY21, which stood at 191,720 vehicles, compared to 101,420 units during Q4 FY20. It registered domestic sales of 182,824 units in Q4 FY21 and grew by 21% over Q3 FY21 and by 94% over Q4 FY20.
Domestic Sales Performance:
Tata Motors Domestic Sales reported an increase of 505% YoY
Q4 FY21 Sales saw a spike of 94% when compared to Q4 FY2020!
Even FY21 Sales reported a positive growth of 5% v/s FY20.
Domestic - Commercial Vehicles:
Mr. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. said, “Commercial Vehicle domestic sale in Q4 FY21 at 98,966 units was 20% higher than the previous quarter, continuing its sequential growth. It was also higher by 59% over Q4 FY20. M&HCVs and ILCVs continued to lead the recovery growing by 48% and 34% respectively over the previous quarter on back of improved consumer sentiments, firming freight rates and higher infrastructure demand including road construction and mining. International business grew by 19% over Q3 FY21 and 25% over Q4 FY20, as the key markets started returning to normalcy. We continue to monitor and work on the supply chain to improve availability, especially of electronic components. We are also reviewing our business continuity plans in view of the rising cases of COVID-19 in the country.”
Total MHCVs sale in Q4 FY21 including M&HCV Truck, Buses and International Business stood at 32,419 units compared to 21,295 units in Q4-FY20.
Domestic - Passenger Vehicles:
Mr. Shailesh Chandra, President, Passenger Vehicles Business Unit, Tata Motors Ltd. said, “The PV industry witnessed strong growth in Q4FY21 on a low base with robust demand for personal mobility and new launches driving demand. Tata Motors PV Business posted its highest ever sales in 9-years, in March 21 and Q4 FY21. In FY21 the business registered its highest-ever annual sales in 8 years while posting a growth of 69% versus FY20. The company’s “New Forever” product range, including the new Tata Safari, continues to witness strong acceptance in the market. In the EV segment, the company sold 4,219 units in FY21, a threefold increase over FY20. The company also registered its highest ever monthly and quarterly sales of 705 EVs and 1,711 EVs in March 21 and Q4 FY21. Nexon EV, the highest sold EV in the country, crossed the milestone of 4,000 units, since its launch in January 2020.”