Tata Motors posted a growth of 53% in August 2021, compared to last year. The carmaker sold a total of 54,190 units in August 2021, compared to selling 51,981 units in July 2021, a month-on-month growth of 4%. The total sales include commercial vehicles as well, sold in the domestic market.
In the passenger vehicle category, Tata Motors sold 28,018 units in August 2021, which is negative growth of 7% compared to last month (July 2021), but when compared to August 2020, it is a growth of 51%. In the passenger vehicle category, Tata Motors sold 26,996 units of ICE vehicles in August 2021, as opposed to 29,581 units sold in July 2021, and 18,277 units in August 2020. Electric vehicles, however, have seen steady growth. Tata Motors sold 1,022 units last month, compared to selling 306 units in August 2020. This is a year-on-year growth of 234%.
In the commercial vehicles segment, Tata Motors sold 26,172 units in July in the domestic market, compared to 21,796 units sold in July 2021 and 16,837 units in August 2021. Commercial vehicles export stood at 3609 during August 2021, registering a month-on-month growth of 76%, and year-on-year growth of 243%.
Tata Motors, in a release, mentioned, “Semiconductor shortage continues to impact the auto industry globally. The recent lockdowns in East Asia have worsened the supply situation, and hence Tata Motors is forced to moderate production and offtake volumes in the coming months. The situation is fluid and we will continue to work to mitigate the impact of this, and aim to meet our customer orders through an agile, multi-pronged approach, including close engagement with our extended supply chain partners, procuring chipsets from the open market, using alternate chips, and managing our model and trim mix.”
“Specifically, EV sales crossed a crucial threshold of 1000 units this month. The order book is strong and we aim to meet the robust demand to the best of our abilities despite the supply challenges.”
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