Tata Motors released its August 2023 sales results. In comparison to 78,843 units sold in August of the previous year, it sold a total of 78,010 units in the last month (passenger + commercial), showing a minor year-over-year drop of 0.6%. During the past month, the total number of PVs sold was 45,933 units compared to 47,351 units sold during the same period last year. This indicates a 3% YoY decrease in sales. Additionally, the automaker sold 45,513 passenger vehicles in the domestic market in the previous month, which is a 3.5% decline from the 47,166 units sold in August 2022. Despite this fall, Tata Motors performed well in the EV market, reporting a noteworthy YoY growth of 54.9% in sales. As per the report, Tata Motors sold a total of 6,236 EVs. The manufacturer also reported a 127% increase in exports from 185 units in August of the previous year to 420 units in the previous month.
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Tata Motors Sales August 2023: Commercial Vehicles
The firm delivered 32,077 units of commercial vehicles in the preceding month, a rise of 1.9% over the 31,492 vehicles sold at the same time in August 2022. Additionally, domestic commercial product sales increased by 4.9% YoY, with 30,748 vehicles shipped.
Moving to the CV sales according to category, Tata Motors sold 9,000 Heavy Commercial Vehicle (HCV) truck units in August 2023, indicating a significant YoY increase of 14.4%. The company also sold 5,207 Intermediate and Light Commercial Vehicles (ILMCV), which is 4.8% higher than the previous year. The passenger carriers category witnessed a YoY increase of 29.9% with 2,986 units sold. Also, despite a modest decline with a YoY loss of 4.4% in the SCV Cargo and Pickup segment, Tata Motors managed to sell 13,555 units overall.
Tata Motors' CV category saw a 39% fall in sales internationally, with 1,329 vehicles sold. In the domestic arena, the Medium and Heavy Commercial Vehicles (MH&ICV) performed well with 13,306 units sold in the last month, representing a YoY gain of 10.2%. Further, total MH&ICV sales (Domestic and international) for August 2023 were 13,816 units, a gain of 7.5%.
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2023 Tata Nexon Breaks Cover in India
The redesigned Nexon has finally been unveiled by Tata Motors in India. The updated model gets a significantly reworked exterior and a completely redesigned interior. It boasts a split headlamp cluster with novel LED Daytime Running Lights (DRLs), a brand-new alloy wheel design, and more. Further, its spacious cabin consists of contrasting indigo-colored accents that decorate the dashboard design. The new Nexon's prices will be made public by Tata Motors on September 14.
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