Tata Motors’ EV sales touched 19,106 units in FY21–22, a growth of 353% from the previous year backed by strong demand for Nexon EV and Tigor EV. The Quarterly sales of EVs also recorded the highest at 9,095 units, a growth of 432% vs Q4FY21. Looking into these figures, it might seem that Tata Motors is heading toward creating a monopoly in Electric Vehicles in India.
Looking into the figures, the company recorded the highest-ever annual sales of 3,70,372 units in the PV Domestic section, up 67% over FY20-21. In March 2022, the total domestic sales of Tata Motors increased 30% to 86,718 units from 66,462 units in Mar’21. Its commercial vehicle sales increased from 40,462 units in March 2021 to 47,050 units in March 2022.
Looking into the Passenger vehicle EV sales figures, the company’s EV sales touched 19,106 units in FY21–22, a growth of 353% from a total PV EV sales of 4,216 in FY20-21. In March 22, Tata Motors sold 3,357 PV EV cars, compared to 705 sales in March 2021. Tata Motors ended the financial year with the highest-ever monthly sales of 42,293 units as of total PV Domestic sales in March 2022.
Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd., and Tata Passenger Electric Mobility Ltd. said, “Tata Motors set several new records in a challenging year, disrupted by two waves of Covid, semi-conductor crisis and steep increase in commodity prices. We posted the highest ever annual, quarterly, and monthly sales, supported by strong demand for our New Forever range and agile actions taken on the supply side.”
“EV sales continued to witness rapid growth in demand on the back of strong acceptance of Nexon EV and Tigor EV. Our annual EV sales touched 19,106 units, a growth of 353% vs FY21. Quarterly sales of EVs were highest at 9,095 units, a growth of 432% vs Q4FY21, and EV sales for March’22 were also the highest at 3,357 units, a growth of 377% vs Mar’21. Going forward, the semi-conductor situation remains uncertain. We will continue to monitor the evolving situation closely and are refining our agile, multi-pronged approach to continue to fulfill customer orders,” Chandra added.
