Tata Motors boasts a sales growth of 87 percent for the month of June 2022
Tata Motors has released the sales data for the month of June 2022. With the sale of 45,197 passenger vehicles in the month of June, the automaker achieved its highest-ever monthly sales.
Additionally, Tata Motors asserted that its monthly sales of electric vehicles reached an all-time high. Tata Motors sold 3,507 electric cars in India in June 2022, a year-on-year rise of 433 percent.
According to the carmaker, SUV sales made up 68 percent of all sales in the first quarter of the current fiscal year, an increase of 181 percent over the same time in the previous year.
Only 658 EVs were sold by Tata Motors over the same time period last year. Additionally, the firm reported a MoM rise of 2 percent in June 2022 as 3,454 EVs were sold in the month of May of this year. The Tigor EV, Nexon EV, and Nexon EV Max are the three vehicles that now make up Tata Motors PV's lineup of electric vehicles.
Additionally, the carmaker disclosed that it sold 130,125 passenger vehicles in the most recent quarter, which ran from April to June 2022. In the identical quarter the year before, the carmaker recorded 64,386 vehicles. As a consequence, the manufacturer reported a remarkable 102% increase in sales during the first quarter of the current fiscal year.
Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd. said, "Demand for passenger vehicles continued to stay strong in Q1 FY23 even as the supply side remained moderately impacted due to the lockdown in China. Overcoming the challenges, Tata Motors posted record-breaking monthly sales (June'22) as well as quarterly sales (Q1 FY23). For the month of June'22, sales were highest ever at 45,197 units, registering a growth of 87% versus June'21. Quarterly sales for Q1 FY23, at 130,125 units, was also the highest ever, posting a growth of 102% versus Q1 FY22. Our SUV portfolio contributed 68% of Q1FY23 sales. Electric vehicle sales attained new heights with quarterly sales of 9,283 in Q1 FY23 and highest-ever monthly sales of 3,507 units in June'22. Nexon EV Max launched in May'22, has witnessed strong demand. Going forward, we expect the supply side, including that of critical electronic components to progressively improve. We will continue to keep a close watch on the evolving demand and supply situation and take appropriate actions."
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