Tata Motors domestic wholesale sales up 26% in September
Tata Motors said on Friday that its total domestic wholesale sales increased 26% year-on-year to 55,988 units in September.
The company had shipped a total of 44,410 units to its dealers by September 2020.
The automaker said its total domestic passenger vehicle sales stood at 25,730 units last month, up from 21,199 units in the same month last year.
Sales of commercial vehicles in the domestic market amounted to 30,258 units, up 30% from 23,211 units in September 2020, he added.
In the July-September 2021 quarter, the automaker sold a total of 1,71270 units in the domestic market, up 55% from 1,10,345 units in the second quarter of 2020-2021.
“After the second wave of COVID-19, markets are witnessing a gradual recovery in demand in most segments led by M & HCVs (medium and heavy commercial vehicles) with improved levels of fleet utilization, a number Higher awarded road construction projects and improved cement consumption, ”Tata Motors Executive Director Girish Wagh said in a statement.
The semiconductor shortage continues to impact the automotive industry around the world, he added.
“The impact of the supply shortage due to restrictions in East Asia continued into September, leading to moderation in production and intake volumes. The situation is fluid and we continue to work to mitigate the impact on our customers’ orders through an agile, multi-pronged approach, ”said Wagh.
Tata Motors (Passenger Vehicle Business Unit) President Shailesh Chandra said demand for cars and SUVs is expected to remain strong in the coming holiday season.
However, the electronic component supply situation could continue to experience difficult times, he added.
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Posted on: Friday October 01, 2021 19:38 IST