Tata Motors - India Volumes Picking Up Pace, Electric Vehicle Optimism Persists: ICICI Direct

Tata Motors - India Volumes Picking Up Pace, Electric Vehicle Optimism Persists: ICICI Direct

A Tata Motors Ltd. logo sits on glass on the company’s stand  (Photographer: Chris Ratcliffe/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Tata Motors Ltd. India reports robust volumes for Q2 FY22 at 1.7 lakh units, up 49% QoQ.

India passenger vehicle business posted decade-high quarterly sales of ~84,000 units in Q2 FY22 despite ongoing semiconductor supply shortages.

Domestic electric vehicle sales were higher than 1,000 units for second successive month in September 2021 driven by Nexon EV; 1,078 units for the month and 2,704 units for Q2 FY22 represented best-ever monthly and quarterly electric vehicle sales.

India commercial vehicle volumes jumped 73% QoQ in Q2 FY22 to 86,887 units.

Jaguar LandRover wholesale volumes for Q2 FY22 were at 64,032 units.

Click on the attachment to read the full report:

ICICI Direct Tata Motors Company Update.pdf
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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