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Stay informed about Tata Motors' sales performance in February 2024, witnessing a significant 9% year-on-year growth in domestic sales.
Key Highlights:
Tata Motors, a prominent player in the automotive industry, has released its sales figures for February 2024. The report indicates significant developments in both domestic and international markets.
Despite minor fluctuations in commercial vehicle sales, Tata Motors continues to maintain its stronghold in the domestic market, particularly in the PV segment.
This introduction sets the stage for a detailed analysis of Tata Motors' sales performance in February 2024.
Category | Feb’ 2024 | Feb’ 2023 | % Change (Y-o-Y) |
Total Domestic Sales | 84,834 | 78,006 | 9% |
In February 2024, Tata Motors reported a notable surge in its domestic sales, showcasing a 9% increase compared to the same period last year. The company's total sales, comprising both domestic and international markets, witnessed a substantial rise.
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Passenger Vehicles (PV) Sales:
Commercial Vehicles Sales:
Electric Vehicles (EVs) have become a focal point of discussion, permeating daily conversations and industry trends. As car manufacturers intensify their focus on electric mobility, the segregation of EV sales data has become common practice.
In February 2024, Tata Motors witnessed a remarkable surge in EV sales, with approximately 6,923 units sold. This figure represents a notable increase of 1,605 units from February 2023, marking a significant year-on-year rise of 30.18%.
In February 2023, Tata Motors had sold 5,318 units of electric vehicles. This substantial increase in sales underscores the growing momentum and consumer interest in electric mobility solutions.
With Tata Motors' commitment to electric mobility, these impressive sales figures reflect not only the company's success but also the increasing acceptance and adoption of electric vehicles in the automotive market.
Vehicle Type | Feb’ 2024 Sales | Feb’ 2023 Sales | Growth/Decline |
Passenger Vehicles ICE | 44,344 units | 42,862 units | +20% |
Electric PV | 6,923 units | 5,318 units | +30% |
Total Commercial Vehicles | 33,567 units | 35,144 units | -4% |
Despite minor fluctuations in the commercial vehicle sector, Tata Motors continues to maintain momentum in the domestic market, particularly in the Passenger Vehicles segment.
Tata Motors' February 2024 sales report reflects a positive trend in the domestic market, with significant growth in Passenger Vehicles sales, including a notable increase in electric vehicle sales. However, the commercial vehicle sector experienced slight declines, indicating areas for potential improvement.
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