New Delhi: Tata Motors on Thursday reported 505% growth in total domestic sales at 66,609 units in March 2021 as compared to 11,012 units in the same month last year due to mandatory business closures to control the spread of the novel coronavirus outbreak.
The company’s total passenger vehicle sales grew to 29,654 units last month, compared with 5,676 units in March 2020, the company said in a statement. The company’s PV business posted its highest ever sales in 9-years, in March 2021 and Q4 FY21, Tata Motors added.
In FY21 the company’s PV sales registered its highest ever annual sales in 8 years at 222,025 units, 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,” Shailesh Chandra, president, passenger vehicles business unit, Tata Motors, said.
He added that Nexon EV has crossed the milestone of 4,000 units, since its launch in January 2020.
The company said its commercial vehicle (CV) sales in the domestic market were at 36,955 units in March, up 593% from 5,336 units in the same month last year.
Within the segment, sales of medium and heavy commercial vehicles during the month stood at 11,030 units as compared to 1,601 units in the same period of last year.
Girish Wagh, president, commercial vehicles business unit, Tata Motors, said, “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.”
He further said, 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,” Wagh noted.
During the January to March period, domestic CV sales were at 98,966 units, 20% higher than the previous quarter.
For the 2020-21 fiscal, Tata Motors reported domestic sales of 464,515 units, up 5% over 442,051 units in 2019-20.