Tata Motors reported healthy sales growth of 66 per cent in its passenger vehicle business against 41,587 units sold last month as against 25,095 units sold in the same month last year. The company is reporting strong sales growth despite headwinds on account of supply chain constraints in view of semiconductor shortage issues. That being said, there has been a decline of 1.66 per cent in sales on a month-on-month (MoM) basis as the Indian carmaker sold 42,293 units in March 2022.
Read also: Tata Nexon EV’s extended range to be launched on May 11
The Tata Nexon EV has been the best-selling all-electric model in the Indian market.
Sales of petrol and diesel powered vehicles increased by 60 per cent in April 2022 to 39,265 units as compared to 24,514 units sold in the same month last year. Also, sales of its electric vehicles saw a growth of 300 per cent, but mainly because of a lower base in April last year. Tata Motors sold 2322 EVs in April 2022, compared to 581 units sold in the same month a year ago. The Tata Nexon EV and Tigor EV have contributed significantly to its EV sales, however, they are likely to pick up momentum after 2024 when the production versions of its recently showcased Avinya and Curvv concepts compete with several other new all-electric models. Will hit the road together.
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Tata Motors registered a rise of 109 per cent in the CV business.
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Talking about its commercial vehicle business, the company registered a growth of 109 per cent in the domestic market last month and sold 29,880 units as compared to 14,306 units sold a year ago. Its CV exports also grew by 87 per cent out of 30,838 units as against 16,515 units shipped in the same month last year. Overall, Tata Motors registered a growth of 81 per cent (PV + CV) in sales at 71,467 units as compared to 39,401 units sold in the same month last year.
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