Tata Motors records amazing sales of 234981 units in Q3 2024, Details

Tata Motors: In comparability to 228,169 items in Q3 FY 2022–2023 and 234,981 automobiles in Q3 FY 2023–2024, Tata Motors reported its home and worldwide gross sales figures in an change submitting on Monday. Read on to know the main points.

Tata Motors information wonderful gross sales of two,34,981 items in Q3 2024

In comparability with December 2022, Tata Motors’ general home gross sales for the month elevated by 4% to 76,138 automobiles.

43,470 passenger automobiles (PVs) complete, together with electrical automobiles (EVs), had been bought domestically. Furthermore, gross sales of PV International Business (PV IB) decreased by 41% to 205 items throughout the month. Tata Motors noticed an 8 p.c improve in gross sales of passenger automobiles in December 2023 when combining information for each home and worldwide companies. A complete of 43,675 items had been bought throughout that month. Interestingly, the Electric Vehicle (EV) phase—which incorporates each home and worldwide companies—noticed development, with 5,006 items bought in December 2023, a 29 p.c rise from the identical month the earlier 12 months.

HCV Trucks reported promoting 11,199 items within the Commercial Vehicles class in December 2023, a ten% improve over the earlier 12 months. Comparably, passenger carriers confirmed a 14% improve in gross sales over the identical interval, promoting 3,060 items, whereas ILMCV vehicles noticed an 8% improve, promoting 5,675 items. By comparability, gross sales of SCV freight and pickup fell by 14% to 12,734 items.

Tata Motors introduced a 1 p.c improve in gross sales of economic automobiles in December 2023, accounting for each home (CV Domestic) and worldwide enterprise (CV IB) gross sales.

Domestic MH&ICV gross sales in December 2023 had been 16,851 items versus 15,244 items in December 2022; in Q3 FY24, they had been 44,365 items as in comparison with 40,391 items in Q3 FY23.

What did the corporate say?

Mr. Girish Wagh, Executive Director, Tata Motors Ltd., mentioned, “Tata Motors Commercial Vehicles registered domestic sales of 91,735 in Q3 FY24, marginally higher than Q3 FY23 sales of 91,704. The M&HCV segment grew ~14% vs Q3FY23, with demand coming from government’s infrastructure initiatives, expansion in core industries, and sustained growth in e-commerce. The
Passenger Commercial Vehicles segment continued to register consistent post pandemic recovery, with sales rising ~19% vs Q3 FY23. The YoY growth trend witnessed during past quarters paused in Q3 FY24 on account of the higher base effect, impact of elections held across 5 states, and the post festive seasonal slowdown in rural consumption. Going forward, we expect demand to improve in Q4FY24 across most segments of the CV industry due to the Government’s continuing thrust on infrastructure development, the promising growth outlook of the economy and our demand-pull initiatives.”

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