Tata Motors Sees 8% Drop in August Sales

4 Sep 2024 , 09:51 AM

Tata Motors reported an 8% decrease in total wholesales for August 2024, with 71,693 units sold, down from 78,010 units in August 2023.

• Domestic sales also saw an 8% drop, totaling 70,006 units in August 2024, compared to 76,261 units in the same month last year.
• Passenger vehicle sales, including electric vehicles, in the domestic market fell by 3% to 44,142 units from 45,513 units in August 2023.
• Domestic commercial vehicle sales declined by 3% year-on-year, with 25,864 units sold, down from 30,748 units in August 2023.

Tata Motors Limited, an Indian multinational automotive company headquartered in Mumbai, is part of the Tata Group. The company manufactures cars, trucks, vans, and buses, and owns subsidiaries like British Jaguar Land Rover and South Korean Tata Daewoo.

Tata Motors has joint ventures with Hitachi (Tata Hitachi Construction Machinery) and Stellantis, producing vehicle parts for Fiat Chrysler and Tata-branded vehicles.

The company operates manufacturing plants in various locations across India and internationally, including Argentina, South Africa, the United Kingdom, and Thailand. Tata Motors also has R&D centers in India, South Korea, the United Kingdom, and Spain.

The company is listed on BSE and NSE and is part of the BSE SENSEX and NIFTY 50 indices.