Tata Motors (up 1.42%), Atul Auto (up 0.9%), SML Isuzu (up 0.55%), TVS Motor (up 0.35%), Eicher Motor (up 0.31%), Hero MotoCorp (up 0.22%) and M&M (up 0.16%) advanced

Maruti Suzuki (down 0.32%), Bajaj Auto (down 0.72%), Escorts (down 1.39%) and Ashok Leyland (down 1.64%) declined.

According to the latest data released by Society of Indian Automobile Manufacturers (SIAM), the total production of passenger vehicles, three-wheelers, two-wheelers and quadricycle in December 2020 was 1,907,811 units, as against 1,750,347 units in December 2019, witnessing a growth of 9%.

Sales of passenger vehicles witnessed an increase of 13.59% in December 2020 over December 2019. A growth of 8.36% has been registered in the sales of passenger cars in December 2020 over December 2019.

Sales of two-wheelers grew by 7.42% year-on-year in December 2020. Three-wheelers saw a dip in sales by 58.87% during the period under review. Sales of utility vehicles increased by 19.75% in December 2020 over December 2019.

The total exports of two-wheelers grew by 23.62% in December 2020 over December 2019. Total exports of passenger vehicles & three-wheelers witnessed a decrease of 13.49% and 5.69% respectively in December 2020 over December 2019.

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The Tata Motors Group global wholesales in Q3 FY21, including Jaguar Land Rover, were at 278,915 nos., higher by 1%, as compared to Q3 FY20.

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in Q3 FY21 were at 90,365 nos.,lower by 4%, over Q3 FY20.

Global wholesales of all passenger vehicles in Q3 FY21 were at 1,88,550 nos., higher by 4% as compared to Q3FY20.

Global wholesales for Jaguar Land Rover were 1,19,658 vehicles (**JLR number for Q3 FY21 includes CJLR volumesof 17,078 units). Jaguar wholesales for the quarter were 22,466 vehicles, while Land Rover wholesales for thequarter were 97,192 vehicles.

**CJLR - It is a JV between JLR and Chery Automobiles and is an unsolicited subsidiary for JLR.

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Jaguar Land Rover marked the end of 2020 with a second successive quarter-on-quarter recovery in sales, despite the continuing impact of Covid-19.

Retail sales for the quarter ending 31 December 2020 were 128,469 vehicles, 13.1% higher than the 113,569 vehicles sold in the preceding quarter, but down 9.0% on the same period last year. China sales were particularly encouraging, up 20.2% on the prior quarter and 19.1% year-on-year. Retail sales in most other regions also continued to recover and were up significantly on the prior quarter in North America (+31.7%), Overseas (+26.6%) and Europe (+20.5%). However, sales in these regions have not yet recovered to pre-Covid levels with sales for the quarter lower than a year ago in North America (-17.2%), Overseas (-20.0%), Europe (-16.3%) and the UK (-8.9%).

The sales ramp-up of the new Land Rover Defender saw retails rising to 16,286 vehicles in the October to December quarter, up 66.0% on the preceding quarter with sales of the shorter wheelbase Defender 90 having started. For Jaguar, retail sales of the multi award-winning all-electric I-PACE were up 69.3% year-on-year with 7,807 sold in the quarter, as demand for electric vehicles continues to grow.

For the calendar year 2020, Jaguar Land Rover retail sales were 425,974, down 23.6% on 2019, reflecting the industry impact of Covid-19 particularly in the first half of the year when plants were shut down for more than two months. However, the company has since seen sales increase quarter-on-quarter by over 53% in the quarter ended 30 September, followed by the 13.1% increase in the most recent quarter.

In response to strengthening global demand, Jaguar Land Rover has continued to roll out its exciting new range of 21 Model Year vehicles, incorporating the very latest technologies. The company remains committed to its electrification strategy and has a growing portfolio of electrified Jaguar and Land Rover vehicles, embracing fully electric, plug-in hybrid (PHEV) and mild hybrid (MHEV) vehicles, as well as continuing to offer the latest diesel and petrol engines, giving its customers even more choice. Following the significant expansion over the year, electrified options now extend to 12 models across the Jaguar and Land Rover portfolios, with PHEV available on 8 vehicle lines and MHEV on 11, as well as the all-electric Jaguar I-PACE.

With sales of new electrified vehicles including the Land Rover Discovery Sport and the Range Rover Evoque PHEVs ramping up through the October to December quarter, a total of 53% of the company's retail sales for the three-month period were electrified. This included 6.1% all-electric, 5.5% PHEV and 41.4% MHEV.

This brings the share of electrification to 43.3% of the company's sales for 2020, with that figure poised for further growth in 2021 and beyond.

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Tata Motors will hold a meeting of the Board of Directors of the Company on 29 January 2021.

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