Tata Motors Group’s total wholesales for Q2 FY2022 stood at 2,51,689 units. Compared to Q2 FY2021, the company witnessed a growth of 24 per cent, but against Q1 FY2022 Tata Motors registered a growth of 17 per cent.
In the quarter that ended on September 30, 2021, Tata Motors’ global wholesales stood at 2,51,689 units
Tata Motors Group has released its global wholesales data for the second quarter (Q2) of Financial Year 2022 (FY22). In the quarter that ended on September 30, 2021, the automaker’s global wholesales, including sales from Jaguar Land Rover, stood at 2,51,689 units. Compared to the 2,02,873 vehicles sold a year ago during the same July to September 2020 period, the company has witnessed a year-on-year (YoY) growth of 24 per cent. Having said that, we must consider the fact that last year, in the July to September 2020 period, India, and several other markets across the globe, were still coming out of a lockdown imposed due to the coronavirus pandemic. So, the comparison won’t be very ideal.
At the same time, between April and June 2021, that is in Q1 FY2022, Tata Motors Group’s global wholesales stood at 2,14,250 vehicles. Compared to which the company has witnessed a quarter-on-quarter (QoQ) growth of over 17 per cent. While these numbers are also impressive, we have to consider the fact that the second wave of the coronavirus again affected vehicle production and sales in India in April 2021. This means market conditions were not ideal this time either. So, these growth figures can be considered an anomaly.
The company’s global wholesales of all passenger vehicles in Q2 FY2022 stood at 1,62,634 units, which is a growth of 11 per cent as compared to 1,46,259 units sold in Q2 FY2021. However, compared to 1,61,780 units sold in the Q1 FY2021, Tata Motors Group saw marginal growth. Tata’s total PV sales also include global wholesales from Jaguar Land Rover, which stood at 78,251 vehicles. This includes 14,219 units sold by CJLR, the joint venture company between JLR and Chery Automobiles. Jaguar’s wholesales for the quarter were 13,944 vehicles, while Land Rover’s contribution was 64,307 units.
Global wholesales of all Tata Motors commercial vehicles and Tata Daewoo range in Q2 FY2022 stood at 89,055 units, higher by 57 per cent, compared to 56,614 units sold in Q2 FY2021. At the same time, compared to 52,470 units sold between April and June 2021, the company witnessed a growth of 70 per cent in the quarter that ended on September 30, 2021.