Tata Motors has published its Q1 FY21 sales in the domestic and international markets, which stood at 25,047 vehicles, compared to 1,37,545 units during Q1 FY20 — a decline of nearly 82%. The company sold 23,845 vehicles in the domestic market in Q1 FY21. As for June 2020 sales, Tata Motors dispatched 11,419 units as against 13,351 units sold during the same period last year — a decline of just over 14%, which is the lowest in the domestic market.
Amidst a subdued demand environment, Q1 was marked by successful transition to BS6 across the range of commercial vehicles. Domestic wholesale for Q1 FY21 was 9,274 units, a 90% drop over Q1 FY20. As the country moved to the unlock phase, all plants started operations from the end of May and ramped up production gradually as parts availability improved. Retails was 67% behind wholesales due to negligible opening inventory at the dealers and muted demand. – Girish Wagh, President, CVBU, Tata Motors
The COVID-19 lockdown deeply impacted PV industry sales in Q1 FY21. After partial sales recovery in May 2020, pent up demand supported a steeper recovery of retail in June 2020. Passenger Vehicle Business cumulatively sold 14,571 units in Q1 FY21, which was 61% lower than Q1 FY20. Retail was stronger than wholesales by 27%, driven by the company’s focus on retail while ensuring optimum inventory levels in the network. – Shailesh Chandra, President, PVBU, Tata Motors
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