Tata Motors Ltd domestic wholesales rose 37% YoY to 44,444 units in September. The growth has been witnessed on the back of demand for passenger cars and small commercial vehicles (SCVs). As compared to 8,097 units in the year ago period, the company sold 21,199 cars last month. This is because it continues to grow on account of the need for personal mobility across rural and urban markets. As per a report, the growth has been supported on the basis of last year’s low base and demand for new models such as premium hatchback Altroz.
As light, intermediate, medium and heavy commercial vehicles (LCVs, ICVs and MHCVs) continue to witness low demand in the market, the giant’s holistic domestic commercial vehicle sales were at 23,245 units, down 4% YoY. Foreseeing a growth in demand through the months of September – November, Tata Motors has been planning to ramp up its monthly car production to 18,000 units or more. In spite of challenges on account of rising Covid-19 cases across the country, supply-side has been gradually improving.
Apart from this, Tata Motors reported sales of 14,522 units of SCVs across cargo and pick up domain, a growth of 7% YoY. One of the key reasons behind the surge in the demand for SCVs is the growing presence of e-commerce companies with home delivery models. During the festive season, the company is expecting an increased demand for passenger vehicles (PVs). As compared to 25,898 units in the year-ago period, it has sold 54,791 units of PVs including 924 electric cars during Q2FY21.
However, in the CV domain, wholesales were at 52,094 units during the September quarter as compared to 68,556 units in the year-ago period.