Complete home gross sales rose 6% year-on-year, and EVs shine

Business Standard

Tata Motors reported a 6 per cent year-on-year enhance in its whole home gross sales for October 2023 at 80,825 models. Gross sales reached 76,537 models in October 2022, the corporate knowledgeable in a regulatory submitting.

Whereas industrial car gross sales elevated by 4 % year-on-year, reaching 34,317 models. The Passenger Automobile (PV) section grew by 7 % year-on-year and reached 48,337 models, in opposition to 45,217 models offered in October 2022. This determine contains each standard energy trains and electrical automobiles of the corporate.

Electrical passenger car gross sales rose 28 % year-on-year. This contains each native and worldwide enterprise figures.

Industrial car gross sales additionally noticed a slight enhance within the heavy industrial car (HCV) truck section. Gross sales on this section elevated from 9,253 models in October 2022 to 10,204 models in October 2023, a rise of 10 % year-on-year.

Cargo and pickup automobiles within the small industrial car section recorded an 8 % year-on-year decline in gross sales as gross sales fell from 15,618 in October 2022 to 14,419 models in October 2023.

Passenger carriers noticed probably the most spectacular progress as their gross sales grew by 43 %, from 1,759 models in October 2022 to 2,514 models in October 2023.

Tata Motors has launched a recent replace to its passenger automotive vary, which incorporates the upgraded Nexon, Safari and Harrier fashions. Whereas the corporate has saved the engine and transmission intact, Tata Motors has given beauty and feature-related updates to its automobiles, which embrace a distinct model of alloy wheels, a bigger infotainment display screen, and another design-related adjustments.

(Tags for translation)Tata Motors automotive gross sales

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