Tata Motors on Friday said its total domestic sales rose 30 per cent to 86,718 units in March from 66,462 units last year.
The company said the wholesale of its passenger vehicles increased by 43 per cent to 42,293 units last month compared to 29,654 units in March 2021.
Its commercial vehicle sales totaled 47,050 units in March, up 16 percent from 40,462 units in the same month last year.
“We recorded the highest annual, quarterly and monthly sales, supported by strong demand for our New Forever range and agile action taken in terms of supply,” Tata Motors Passenger Vehicle Managing Director Shailesh Chandra said in a statement.
The company recorded the highest annual sales of 3,70,372 units, registering a growth of 67 per cent compared to FY21, he added.
“Despite the shortage of certain electronic components, we recorded the highest quarterly sales of 1,23,051 (units), a growth of 47 per cent over Q4FY21. We ended the financial year with the highest monthly sales of 42,293 units,” Mr Chandra noted.
Electric vehicle sales continued to see rapid growth in demand following strong acceptance of the Nexon EV and Tigor EV, he added.
“Our annual EV sales hit 19,106 units, a 353 percent growth over FY21.
“Quarterly EV sales were highest at 9,095 units, 432 per cent growth compared to Q4FY21 and EV sales for March 2022 were also highest at 3,357 units, 377 per cent growth compared to March 2021,” Chandra said.
Noting that in the future, the semiconductor situation remains volatile, he said, “we will continue to monitor the evolving situation closely and are refining our agile, multi -pronged approach to continue to meet customer orders.”