Tata Motors records 15% YoY growth in Oct22 sales

1 Nov 2022 , 05:01 PM

While total commercial vehicle (CV) sales fell by 2% to 32,912 units, total passenger vehicle (PV) sales jumped 33% to 45,423 units in October 2022 over October 2021. Total domestic sales rose by 17% to 76,537 units in October 2022 from 65,151 units in October 2021. A planned shutdown of the Pune plant for preventive maintenance and debottlenecking actions led to reduced production in Oct22,? the auto maker said in a statement. Tata Motors is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses, offering extensive range of integrated, smart and e-mobility solutions. It is Indias market leader in commercial vehicles and amongst the top three in the passenger vehicles market. The company reported a consolidated net loss of Rs 5,006.60 crore in Q1 FY23 as against a net loss of Rs 4,450.92 crore in Q1 FY22. Revenue from operations increased 8.3% YoY to Rs 71,935 crore in Q1 FY23. The scrip advanced 2.16% to end at Rs 421.50 on the BSE. Powered by Capital Market – Live News