Tata Motors Limited sales in the domestic & international market for Q4 2023 stood at 2,51,822 vehicles, compared to 2,43,459 units during Q4 2022. Domestic sale of MH&ICV in Q4 2023, including trucks and buses, stood at 54,435 units, compared to 40,391 units in Q4 2022. Total sales for MH&ICV Domestic & International Business in Q4 2023, including trucks and buses, stood at 56,059 units compared to 52,976 units in Q4 2022.
Tata Motors scaled a new sales peak by posting its highest ever annual domestic sales of 5,38,640 units, achieving a 46% sales growth over FY22 and registering its third successive year of industry beating growth. All four SUVs – Nexon, Punch, Harrier and Safari – recorded their highest ever annual sales, contributing 66% of the total volume.
Tata Motors crossed the significant landmark of 50,000 EV sales in FY23, its highest ever, to post a significant growth of 154% over FY22. Additionally, Tata Motors recorded the highest ever quarterly and monthly EV sales of 15,960 (Q4FY23) and 6,509 (Mar’23). EV penetration in the portfolio continued to increase from 7% (Q1FY23) to 12% (Q4FY23). Mr. Girish Wagh, Executive Director, Tata Motors Ltd. said, “ Overall, Tata Motors CV domestic business grew ~22 % in FY23 vs FY22.
