Tata Motors' December domestic sales increased by 4% to 76,138 vehicles

2 Jan 2024 , 12:55 PM

On January 1, Tata Motors announced that its overall domestic sales for December 2023 increased by 4% to 76,138 units, up from 72,997 units in the same month the previous year.

According to a statement from the firm, sales of passenger cars (PVs), including electric vehicles, in the domestic market increased by 9% to 43,470 units last month from 40,043 units in December 2022.

It also stated that overall sales of electric PV were up 29% to 5,006 units last month from 3,868 units in December 2022.

Managing Director of Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Shailesh Chandra said in a statement, ‘For Tata Motors, CY23 was the third consecutive year of posting highest-ever sales of around 5.53 lakh units, led by its commanding position in the compact SUV segment and strong growth in hatches, despite the hatch segment degrowing at an industry level.’

Regarding the prognosis, he stated, ‘With multiple new products, including a new nameplate scheduled for launch in 2024, we remain optimistic about continuing the growth trend in the quarters ahead.’ According to Tata Motors, the company’s overall sales of Commercial Vehicles (CV) increased by 1% to 34,180 units in December 2023 from 33,949 units in the same month the previous year.

Executive Director of Tata Motors Ltd. Girish Wagh stated that the company anticipates demand to pick up in the upcoming quarter in most segments of the CV industry because of the government’s ongoing emphasis on infrastructure development, the economy’s promising growth outlook, ‘and our demand-pull initiatives’.

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