You are here: Home » Companies » News
Business Standard

Tata Motors domestic sales up 21% in Nov on better volumes across the board

Growth was led by passenger vehicles, whose sales jumped 32% even as most other manufacturers saw production take a hit due to ongoing chip shortage

Tata Motors | sales | commercial vehicles

Shally Seth Mohile  |  Mumbai 

Tata Motors

Overall at in the domestic market jumped by 21 per cent to 58073 units in November over the same period last year, the company said in a statement. The Tata Group flagship saw the volumes advance year-on-year across commercial vehicles, cars, SUVs and electric vehicles.

Led by a 27 per cent increase in the intermediate and light commercial vehicle sales, the company’s CV in the domestic market rose 8 per cent to 28,295 units. of medium and heavy duty trucks, an indicator of economic activity, also went up 10 per cent to 6,266 units over the same period. Though on a low base, CV exports also rose 124 per cent to 3950 units over the same month last year.

Continuing the upward sales trajectory, the company's passenger vehicles sales jumped 32 per cent to 28,027 units. This is even as most of the other manufacturers have seen production getting hampered due to the ongoing shortage of the semiconductors. Company’s EV sales too saw a more than three-fold increase with 1751 units against 413 units in the same month last year.

At 1:46 pm, shares were up 2.39% to Rs469.75. The Sensex was up 0.93 per cent to 57,593.68 points.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, December 01 2021. 14:07 IST