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KRChoksey Research Report
Tata Motors Ltd. sold 1,086,734 vehicles in FY22 with global wholesales increasing by 20%. The revenues were 11.5% higher than last year.
FY22 showed strong signs of growth which supported economic recovery through higher infrastructural spending, higher industrial activity, re-opening of offices/schools etc.
Tata Motors operates as three independent business units of commercial vehicle, passenger vehicle and Jaguar Land Rover.
Commercial vehicle segment has a domestic market share of 45%, while passenger segment and electric vehicles have domestic market shares of 12% and 87% respectively. Performance during the quarter was affected by inflation and semiconductor shortages.
The company launched E-Dukaan, an online spare parts marketplace in FY22. Revenues reached over 1,000 million.
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