Tata Motors records 13.9% sales growth in December
Tata Motors on Sunday announced that it recorded sales growth of 13.9% last month, with 40,407 passenger cars sold, up from 35,462 units recorded in the same month a year ago. The major domestic automaker also said it posted sales growth of 32.8% in the last quarter ending December. In the third quarter of fiscal 2023, the domestic major carmaker sold 132,255 units. passenger cars, up from 99,564 units sold in the same quarter of the previous fiscal.
Tata Motors claims to have sold 40,043 passenger vehicles in the domestic market last month, up 13.4% from the 35,299 units recorded in the same month of January last year. In the last quarter, it sold 131,297 units in the domestic market, marking a growth of 32.6% compared to 99,002 units in the same quarter of the previous fiscal year.
Also read: MG Motor India posted 53% YoY growth in December with 3,899 units
The car brand’s export volume also improved significantly last month. Last month, the automaker exported 364 cars to overseas markets, up from 163 units recorded in December 2021, achieving a growth of 13.9%.
Tata Motors also said its electric vehicles sold 3,868 units in December 2022, up 64.2% from 2,355 units sold in the same month of the previous year. Tata Motors’ electric vehicle wing sold 12,596 units in the third quarter of the current fiscal year, up 116.2% from the 5,826 units recorded in the same quarter of the previous fiscal year.
Speaking on the automotive company’s sales performance, Shailesh Chandra, CEO of Tata Motors Passenger Vehicle Ltd. and tata Passenger Electric Mobility Ltd., say 2022 is an important year for the automaker as it surpasses industry growth and surpasses the distinctive five-year milestone. thousand units. He also said last quarter was one of the best in terms of passenger car sales performance, with strong retail sales from new launches, strong festive demand and adequate vehicle supplies.
First published date: January 1, 2023, 3:38 p.m. IST