Tata Motors Passenger Vehicles Sales Jump 69% In June As EV Volumes Nearly Triple On Strong Demand
Tata Motors Passenger Vehicles Ltd reported a 69% YoY rise in June sales to 63,083 units, driven by strong domestic demand and rising EV adoption. Domestic PV sales grew 67% and international sales surged multi-fold. EV volumes rose 112% to 14,800 units. Q1 FY27 sales increased 46%. Despite Sierra supply constraints, bookings remain strong and production ramp-up is underway.
Tata Motors Passenger Vehicles Sales Jump 69% In June As EV Volumes Nearly Triple On Strong Demand | file pic
New Delhi: Tata Motors Passenger Vehicles Ltd on Wednesday reported a 69 per cent increase in total sales at 63,083 units in June as compared to 37,237 units in the same month last year.
Domestic Passenger Vehicle (PV) sales were up 67 per cent at 62,076 units last month as compared to 37,083 units in the year-ago period, Tata Motors Passenger Vehicles said in a regulatory filing.
PV international business sales posted a multi-fold jump at 1,007 units as against 154 units in the year-ago month, it added.
Total electric vehicle sales in domestic and international markets were at 14,800 units as compared to 5,228 units in the same month last year, the company said.
In the first quarter of FY27, the company posted total sales of 1,82,574 units as against 124,809 units in the year-ago period, up 46 per cent.
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"This performance was fueled by robust customer demand and the success of our recent launches. Our leadership in electric mobility further strengthened during the quarter, with EV volumes more than doubling to record 112 per cent growth YoY," Tata Motors Passenger Vehicles MD and CEO, Shailesh Chandra said.
He further said retail performance was equally encouraging, with Vahan registrations rising 40 per cent YoY, nearly twice the industry growth.
"The sustained momentum across both wholesale and retail channels reinforces the growing strength of our portfolio and the positive response from customers across segments," Chandra noted.
While supply constraints impacted Sierra volumes during the quarter, customer interest and booking momentum remain robust, he added.
"Corrective measures are currently underway to further augment production from select vendors in line with demand and this will progressively enable us to accelerate deliveries from Q2 onward," he added.
Chandra said the company is confident about maintaining its growth momentum through the rest of the year on the back of a strong order book, product offerings and sustained customer demand.
(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)
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