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Tata Motors Takes a Wild Ride: PV Sales Soar as CVs Take a Minor Tumble!

In a dramatic turn of events, Tata Motors has once again taken the automotive world by storm, registering a gargantuan total of 86,406 units in sales for the month of February 2024. This achievement marks a significant jump from the previous year’s figure of 79,705 units during the same period, showcasing the company’s robust performance amidst fluctuating market conditions.

The Mumbai-based automotive giant has seen a particularly noteworthy surge in its Passenger Vehicle (PV) sector, with sales catapulting to an impressive 51,321 units, representing a hefty 19% year-on-year growth. This surge is a testament to the brand’s unwavering appeal among car buyers, who seem to have a voracious appetite for Tata’s blend of innovation, reliability, and style.

However, it’s not all smooth sailing in the Tata empire, as the Commercial Vehicle (CV) segment witnessed a slight dip, recording sales of 35,085 units—a modest 4% decline compared to the previous year. This minor hiccup, however, has done little to dampen spirits within the company, with the overall sales figures painting a picture of success and resilience.

Digging deeper into the numbers, the domestic sale of Medium & Heavy Commercial Vehicles (MH&ICV), including both trucks and buses, stood at 16,227 units for February 2024. This represents a slight decrease from the 17,282 units sold in February 2023. Furthermore, when combining domestic and international business for MH&ICV, the total sales reached 16,663 units, down from 17,928 units the year prior, reflecting the challenges and competitive nature of the global automotive market.

Despite the minor setbacks in the CV department, Tata Motors’ overall performance in February 2024 is a clear indicator of the company’s enduring strength and its ability to navigate the ups and downs of the industry. As Tata Motors continues to accelerate into the future, it remains a force to be reckoned with, driven by innovation, customer satisfaction, and an unyielding spirit of adventure.

CategoryFebruary 2024February 2023% change (Y-o-Y)
Total Domestic Sales84,83478,0069%
CategoryFebruary 2024February 2023Growth (Y-o-Y)
HCV Trucks10,09111,868-15%
ILMCV Trucks5,0835,426-6%
Passenger Carriers4,6923,63229%
SCV cargo and pickup13,70114,218-4%
CV Domestic33,56735,144-4%
CV IB1,5181,4217%
Total CV35,08536,565-4%
CategoryFebruary 2024February 2023Growth (Y-o-Y)
Total PV Domestic (includes EV)51,26742,86220%
PV IB54278-81%
Total PV (includes EV)51,32143,14019%
EV (IB + Domestic)6,9235,31830%
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