Tata Motors Sales: In a surprising turn of events, Tata Motors, one of India’s foremost automotive giants, has encountered a noticeable setback despite its substantial efforts. The company’s global sales figures for November have shown a significant decrease, underscoring challenges in the highly competitive automobile sector.
Global Sales Dip:
The total global sales of Tata Motors witnessed a marginal decline of 1.73 percent, settling at 74,172 units for the month of November. This figure stands in contrast to the 75,478 units sold in November of the previous year, indicating a slight but notable downturn in their worldwide market performance.
Domestic Market Trends:
Focusing on the domestic front, Tata Motors reported a total of 72,647 units sold in India during November 2023. This number represents a modest decrease of approximately 1 percent from the 73,467 units sold in November 2022. The slight decline in the domestic market suggests challenges within the Indian automotive sector.
Passenger Vehicles and Electric Vehicles Sales:
The company’s total sales in the Passenger Vehicles (PV) segment, which includes Electric Vehicles (EV), also saw a 1 percent year-on-year decrease. The sales in November 2023 accounted for 46,143 units, slightly down from the 46,425 units sold in the same period the previous year. This reduction reflects the broader trends impacting the PV market.
Domestic and Export PV Sales:
In the domestic market, the sales of PV including EVs were nearly steady, with 46,068 units sold last month compared to 46,037 units in November 2022. However, a significant downturn was observed in the export of passenger vehicles, which plummeted by 81 percent year-on-year, from 388 units in November 2022 to a mere 75 units in November 2023.
Growth in Electric Vehicles Segment:
Amidst these overall declining trends, Tata Motors experienced a silver lining with its electric vehicles. The company sold 4,761 EVs in November 2023, marking a 7 percent year-on-year growth from the 4,451 EVs sold during the same month last year. This growth underscores Tata Motors’ increasing focus and success in the electric mobility sector.
Commercial Vehicles Sales:
The company also faced a downturn in its Commercial Vehicles (CV) segment. The total CV sales in November 2023 dropped by 4 percent to 28,029 units, compared to 29,053 units sold in the same month of the previous year. This decline indicates the challenges faced in the commercial vehicle market.
Tata Motors’ recent sales figures reflect the dynamic and challenging nature of the global automobile industry. While the company faces setbacks in certain segments, its growth in the electric vehicle sector offers a promising avenue for future development and success.
