Tata Motors reports impressive 7% YoY growth in October 2023
Tata Motors has been actively expanding its product portfolio to cater to diverse customer needs.
In a recent announcement, Tata Motors has unveiled its monthly sales report, and the numbers are nothing short of impressive. The Indian automaker has reported a total of 48,337 unit sales for October 2023, marking a substantial 7% year-on-year growth compared to the 45,217 units sold in the same month of the previous year.
One of the standout aspects of Tata Motors' October performance is the remarkable growth in their Electric Vehicle (EV) sales. The company managed to sell 5,465 EV units last month, demonstrating a substantial 28% increase compared to the 4,277 units sold in October the previous year. This surge highlights a growing trend towards electric mobility and reflects positively on Tata Motors' commitment to sustainability and innovation.
Tata Motors is not just thriving in its home market; it's also making waves on the global stage. The company recorded exports of 300 units last month, which signifies an impressive 46% growth over the 206 units exported in October 2022. This increased global footprint suggests that Tata Motors is becoming a formidable player in the international automotive market.
Tata Motors has been actively expanding its product portfolio to cater to diverse customer needs. In recent times, the company has launched multiple models in India, including the Nexon, Nexon EV, Harrier facelift, and Safari facelift. These launches have been met with enthusiasm and are contributing to the company's growing success.
Not content with its current lineup, Tata Motors is pushing the boundaries further. The brand is actively testing two eagerly awaited models – the Tata Punch EV and the Curvv SUV. These models are generating a buzz in the automotive industry and are expected to make their India debut in the coming months. Tata Motors' commitment to innovation and its ability to adapt to changing market demands are evident in these upcoming releases.
|Domestic Sales Performance:|
|Total Domestic Sales||80,825||76,537||6%|
|SCV cargo and pickup||14,419||15,618||-8%|
|Total PV Domestic (includes EV)||48,337||45,217||7%|
|Total PV (includes EV)||48,637||45,423||7%|