Tata Motors logs 3% y-o-y decline in August 2023 passenger vehicle sales

4 Sep 2023 , 10:12 AM

Tata Motors reported a slight decrease in total global sales in August, with 78,010 units sold. In August 2022, the company reported total global sales of 78,843 units.

Tata Motors reported in a regulatory statement that total domestic sales were 76,261 units, down from 76,479 units the previous month. Domestic passenger vehicle sales, including electric vehicles, fell 3.5% last month to 45,513 units, compared to 47,166 units in August 2022, according to the report.

Passenger electric car sales, including international markets, increased by 54.95% to 6,236 units in the year-ago month, according to the business. Total commercial vehicle sales were 32,077 units, up 1.9% from 31,492 units in the same month last year.

Whereas, the company’s exports jumped 127% y-o-y from 185 units in August 2022 to 420 units last month. Sales of HCV trucks, ILMCV trucks, and passenger carriers were all higher, on the other hand, volumes for cargo and pick-up vehicles witnessed a decline of 4.4%.

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