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Tata Motors Domestic Sales Rise 21% To 53,430 Units In December 2020

Tata Motors on Friday reported a 21 per cent improve in whole car gross sales within the home market to 53,430 models in December. The firm had offered 44,254 models within the home market in the identical month final 12 months, Tata Motors mentioned in a regulatory submitting. Domestic passenger car (PV) gross sales stood at 23,545 models final month as towards 12,785 models in December 2019, up 84 per cent, it added. “The PV industry continued to grow robustly in Q3 FY21, owing to pent up demand, strong festive season and shift towards personal mobility,” Tata Motors President, Passenger Vehicles Business Unit, Shailesh Chandra mentioned.

The firm’s PV enterprise has been witnessing the sturdy response to its ‘New Forever’ vary, which is being supported by a steady ramp-up of provides, he added. Stating that retail gross sales have been 18 per cent greater than wholesale for the month and pipeline stock stays skinny, Chandra mentioned, “We are continuing to debottleneck the supply chain and ramp up our output to meet the increased demand while addressing the availability of electronic components”.

With the rising reputation of Nexon EV, the corporate additionally posted a formidable sale in EVs with highest-ever quarter wholesale of 1,253 models in Q3FY21 and 418 models in December 2020, he famous. Tata Motors, nevertheless, mentioned its whole industrial car gross sales stood at 32,869 models in December 2020 as towards 34,082 models within the year-ago month, down four per cent.

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Sales of CVs within the home market have been at 29,885 models as in comparison with 31,469 in December 2019, down 5 per cent, it added. Tata Motors President, Commercial Vehicles Business Unit, Girish Wagh mentioned there was the next demand for CVs in infrastructure, together with highway building, mining and e-commerce within the third quarter.

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