Tata sells 45,400 units in October, EV demand increases

New Delhi: Tata Motors announced that the company managed to sell a total of 45,423 units (including EVs) in October 2022. It saw sales growth of 33% (year-on-year). The carmaker sold 34,155 units in the same month last year. Compared to September’s sales of 47,000, Tata witnessed a monthly sales decline of 5 percent in […]

Tata

New Delhi: Tata Motors announced that the company managed to sell a total of 45,423 units (including EVs) in October 2022. It saw sales growth of 33% (year-on-year). The carmaker sold 34,155 units in the same month last year. Compared to September's sales of 47,000, Tata witnessed a monthly sales decline of 5 percent in the passenger car segment. For those who don't know, the company's Pune plant was scheduled to shut down for preventive maintenance and de-cluttering, resulting in a drop in production last month. Interestingly, Tata Motors saw a massive growth of 158% in the EV (electric vehicle) segment over the same period last year. Currently, the company's EV product line includes three models – the newly launched Tiago EV, Tigor EV and Nexon EV. In October 2022, Tata's domestic and international sales were 78,335 units, compared to 67,829 units in the same month in 2021. The company reported a 17% year-on-year increase in sales. Tata Motors domestic sales of MH&ICVs (including trucks and buses) stood at 13,251 units as against 11,612 units in October 2021. Total MH&ICV sales for domestic and international business stood at 13,940 units as against 12,723 units in the same period last year.

Future plan of Tata Motors

The domestic automaker has planned several new models across various segments to be rolled out from early 2023. Reports suggest that the facelifted Tata Harrier will hit the roads early next year and the updated Safari will arrive by mid-2023. The company will also expand its EV lineup with Tata Altroz EV and Punch EV, which are expected to be launched sometime next year. All the above models are likely to be showcased at the Delhi Auto Expo in January 2023. The company will also showcase the pre-production version of the Tata Curvv Coupe mid-size SUV at the biennale.

Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 and Download our - News24 Android App. Follow News24 on Facebook, Telegram, Google News.