Tata Motors' domestic business reports best net sales in Dec quarter

Firm's domestic automotive business accounts for 31% of consolidated net sales in Q3

Tata Motors’ domestic business has continued to outgrow its global business as it reported its highest quarterly net sales of around Rs 22,300 crore in the December quarter of financial year 2021-22 (Q3FY22), a 45 per cent jump year-on-year (YoY) from Rs 15,390 crore a year.

In comparison, the company’s consolidated net sales declined 3.2 per cent YoY to around Rs 72,500 crore, from around Rs 74,900 crore a year ago.

This was also the first quarter when the company reported profits at its passenger vehicle (PV) division since Q1FY18, when separate numbers were made available. Before that, the entire