Tata Motors sales up 82% in June

Tata Motors said in a statement that the company had total domestic sales of 43,704 units in the same month last year. Domestic passenger vehicle (PV) sales increased 87% to 45,197 units from 24,110 units the previous month, according to the report. PV sales were 1,30,125 units in the first quarter of 2022-23, up from 64,386 units the previous year.

"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. Our SUV portfolio contributed 68 per cent of Q1 FY23 sales. Electric vehicle sales attained new heights with quarterly sales of 9,283 in Q1FY23 and highest-ever monthly sales of 3,507 units in June 2022," Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Managing Director Shailesh Chandra said.

He stated that in the future, "We anticipate that the supply side, including critical electronic components, will gradually improve. We will continue to monitor the changing demand and supply situation and take appropriate action ".

Commercial vehicle (CV) sales in the domestic market were 34,409 units last month, up from 19,594 units in June 2021, a 76% increase, according to Tata Motors. Domestic CV sales were 95,703 units in the first quarter of FY23, up from 43,400 units in the same period last fiscal.