Tata Motors Commercial Vehicles Sales Figure 2022 Biggest Hike in Passenger Carriers by 111% in Domestic Market. The commercial vehicle’s renowned brand Tata Motors has released its CV Sales Data for September 2022. It is easily seen here how Tata Motors dominates the market of the CV (Commercial Vehicle) segment. Tata Motors has set a benchmark with its quality products. In the month of September 2022, Tata Motors witnessed a sales growth of 9% in the total CV domestic category.
The Executive Director of Tata Motors Ltd. Mr. Girish Wagh said, “The commercial vehicle industry noticed a constant demand in Q2FY23. Tata Motors CV business recorded a 20% growth in domestic sales over Q2FY22, registering sales of 93,675 units during the quarter. This growth was led by more substantial sales of MHCVs and a strong recovery in passenger carriers demand. Improving fleet utilizations, pick up in road construction projects and increase in cement consumption catalysed the demand recovery for MHCVs. CV exports however shrunk sharply by 22% due to the economic condition in Sri Lanka and Nepal though it improved successively by ~30%. The current exciting launches of the new range of smart commercial vehicles in MHCV and ILCV, and best‐in‐class pickups will help us serve our customers better. Going forward, while we expect a substantial sales in the festive season we will keep a close watch on the evolving geopolitical scenario, inflation and interest rate risks on both the supply and demand.”
Category Wise Tata Motors CV Sales Figure September 2022
Let’s go through the Tata Motors CV sales statistics 2022 for the month of September.
M&HCV:- Under the medium and heavy commercial vehicles category, Tata Motors has a better position in the market. The company obtained a sales growth of 16% as it sold 9,983 units of M&HCV vehicles in September 2022 as compared to the 8,609 units in September 2021.
I&LCV:- Under the intermediate and light commercial vehicles category, the sales of Tata Motors went down by 8%. According to the Tata Motors CV Sales Report September 2022, the sales growth of I&LCV decreased by 8% as it sold 5,144 units of I&LCV vehicles in September 2022 as compared to the 5,600 units in September 2021.
Passenger Carriers:- Under the Passenger Carriers category, Tata Motors witnessed a boom in its sales volume with a growth of 111%. The company sold 2,287 units of passenger carriers in September 2022 as compared to 1,085 units in September 2021.
SCV Cargo & Pickup:- Under the small commercial vehicle cargo and pickup category, Tata Motors witnessed a slightly increment in its sales volume. The company obtained a sales growth of 4% as it sold 15,565 units of SCV Cargo and Pickup in September 2022 as compared to the 14,964 units in September 2021.
Tata Motors’s CV sales in India in the month of September this year closed at 32,979 units. It witnessed a sales growth of 9% in the domestic market as it sold 30,258 units in September 2021. Export CV Sales Report September 2022 of Tata Motors reveals that the company has sold 1,911 units in this period, with a 36% decrease as it sold 3000 units in September 2021.
The overall sales growth of Tata Motors, including both domestic and export, witnessed a growth of 5%, with September 2022 sales units of 34,890 units as compared to 33,258 units sold in September 2021.
Are you looking to buy or sell a new truck or a used truck, get a truck loan, Select your truck according to category and other facilities Truck Junction with just one click and download the Truck Junction Mobile Application to know the latest news related to the truck industry.