Tata Motors Car Sales May 2023 – Nexon, Punch, Harrier, Safari
As opposed to May 2022, Tata Motors sales saw 5.8% growth in PV space and 12% decline in CV space – With SCVs and ILCVs being the main blows
Tata Motors is one of the largest homegrown automakers in India. It features a varied vehicle lineup for both private buyers and commercial space. The company registers solid growth in the PV space. Sales numbers stood at 45,878 units last month (this figure includes EVs). As opposed to 43,341 units sold last year, Tata registered 5.8% YoY growth.
Volume growth YoY stood at 2,537 units. But Tata couldn’t keep up with sales figures registered a month before. In April 2023, Tata sold 47,007 units in total and MoM losses account for 2.40%. This accounts for a volume loss of 1,129 units MoM.
Tata Motors Sales May 2023
The company has geared up for multiple launches for the latter half of 2023 and 2024. These include facelift models of Nexon sub 4m SUV along with Harrier and Safari SUVs at the flagship level. Tata is also preparing Curvv compact SUV, but that will debut later than sooner. Models like Punch are likely to get a CNG variant too.
These new models should bring increased volumes upon launch. Out of the 45,984 units sold for the PV sector, Tata Motors sold 5,805 electric vehicles as well. These include Nexon EV Prime, Nexon EV Max, Tiago EV and Tigor EV. Punch EV, Harrier EV and Safari EV are on the cards too. Tata’s EV sales witnessed 66% YoY growth as opposed to 3,505 units sold in May 2022.
