Tata Motors is currently among the top three car manufacturers in India, its largest market. The car maker is locked in a tight battle with Korean manufacturer Hyundai Motor to become the second largest car maker in India.
Tata Motors has recorded a nearly 50 percent jump in global sales in the first three months of the current fiscal year. On Friday, the carmaker announced its global wholesale business, which also includes the British carmaker Jaguar Land Rover saw a 48 percent increase in sales to 3,16,443 units between April and June this year. Tata Motors is currently among the top three car manufacturers in India, its largest market. The automaker is in an intense battle with the Korean manufacturer Hyundai Motor will become the second largest car manufacturer in India.
Tata Motors also reported global passenger car sales of 2,12,914 units. In the same quarter last year, Tata Motors sold 1,61,780 units globally. Jaguar Land Rover, the British carmaker owned by Tata Motors, sold 82,587 units in the first three months of last quarter. While Jaguar sold 14,596 units, Land Rover 67,991 units were sold during this period. Overall, Jaguar Land Rover’s sales for the three months were down from the same period last year, when 97,141 units were sold.
Dad Motors also said it shipped 2,14,250 units to dealers during the same period. Global wholesale sales of all Tata Motors commercial vehicles and the Tata Daewoo range stood at 1,03,529 units in the first quarter, an increase of over 50 per cent.
Earlier last week, Tata Motors announced that it has registered a whopping 87 percent growth in June sales with 45,197 units sold in India. Tata sold 24,110 units in the same month last year. The automaker also claimed that SUV sales accounted for 68 percent of total sales in the first quarter of the current fiscal year, marking a growth of 181 percent over the same period last fiscal year.
The automaker also said it sold 130,125 passenger cars in the last quarter of April and June 2022. The automaker registered 64,386 units in the same quarter last year. As a result, the automaker recorded an impressive 102 percent sales growth in the first quarter of this fiscal year.
Date of first publication: Jul 8, 2022 4:31 PM IST