Tata recorded a total of 47,235 units in June 2023 as against 45,197 units with a YoY sales increase of 5 per cent
Tata Motors Limited posted a cumulative domestic and international sales tally of 2,26,245 units in the first quarter of this financial year as against 2,31,248 units during the same period last quarter. In the local market, 80,383 units were recorded in June 2023 against 79,606 units with a YoY growth of 1 per cent.
The company recorded a total of 47,235 units last month as against 45,197 units during the corresponding period twelve months ago with a YoY sales increase of 5 per cent. Combined with the PV sales in the international market, the total stood at 47,359 units. In comparison to the same period last year with 45,305 units, a YoY growth of 5 per cent was noted.
In Q1 FY24, Tata posted 1,40,450 units as against 1,30,327 units with a YoY growth of 8 per cent. The zero-emission vehicle sales stood at 7,025 units in the month of June 2023 as against 3,608 units during the same period last year with a YoY volume surge of 95 per cent.
Speaking on the sales performance, Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd. said, “The Passenger Vehicle industry in Q1 FY24 witnessed robust demand driven by new launches, especially in the SUV segment and EVs. Tata Motors continued its growth trajectory registering quarterly sales of 140,450 units in Q1 FY24 and recording a growth of ~8% over Q1 FY23.”
Last month, Tata posted 47,359 unit sales with a growth of 5 per cent over June 2022. The SUV lineup comprising Punch, Nexon, Harrier and Safari has contributed to almost 64 per cent of the total sales in the opening quarter of this financial year. In the electric vehicle segment, the homegrown brand recorded its highest-ever quarterly sales of 19,346 in Q1 FY24 with a growth of 105 per cent on a YoY basis. The brand says it is driven by the strong market response to the Tiago EV.
Tata is expected to launch the facelifted versions of the Nexon, Harrier and Safari in the coming months. The updated Nexon will take design inspiration from the Curvv concept while the Harrier and Safari facelifts will be heavily influenced by the Harrier EV.