Tata Motors Sales in May 2023 reports 5.8% growth in PV and 12% decline in CV with big hit taken by ILMCVs and SCVs.
The largest carmaker in India, Tata Motors, as it reports 74,973 units sales in May 2023 with 5.8% growth in Passenger Vehicles and 12% dip in Commercial Vehicles with big blows to SCVs and ILMCVs category.
Tata Motors May 2023 Sales
|Month||Sales||Against||Difference in Units||Difference in %|
|May 2023||45,878||May 2022 (Year-On-Year)||2,537||+5.85%|
|April 2023||47,007||April 2023 (Month-on-Month)||-1,129||-2.46%|
Tata Motors in May 2023 reported 45,878 units domestic sales with 5.85% year-on-year growth against the 43,341 units sales in May 2022 in the Passenger Vehicle Category. When compared to April 2023 sales which is 47,007 units, it reports decline by 2.46% month-on-month with decreased volume growth by 1,129 units. In total, Tata Motors did sales of 45,984 units domestic sales out of which 5,805 units are electric vehicles, 45,878 units is Domestic Sales, and 106 units is PV IB.
The numbers are definitely up from last year, as 43,341 units were Domestic Sales, 51 units were PV IB, and 3,505 units were Electric vehicles, which totals to 43,392 units. These Electric Vehicles Sales include Nexon EV, Nexon EV Prime, Nexon EV Max, Tigor EV, and Tiago EV. The Punch EV, Harrier EV, and Safari EV will launch soon and they’ll also join this list as well.
In Commercial Vehicles Category, Tata Motors is still the biggest seller. In these category, total CV sales were 28,989 units which is 12% decline year-on-year against the 32,818 units sales it did in May 2022. The HCV Trucks sold 8,160 units from the 7,343 units last year with 11% growth, Passenger Carriers sold 3,874 units from the 3,632 units last year with 7% growth, and CV IB which reports 1,419 units from the 1,404 units last year having just 1% growth.
However, the ILMCV, SCV Cargo and Pickup, and CV Domestic reported dip in sales. The ILMCV reported 3,450 units against the 5,540 units in May 2022 with declining growth by 38%, the SCV Cargo and Pickup reported 12,086 units against the 14,899 units last year with declining growth by 19%, and lastly the domestic Commercial Vehicles sales were 27,750 units against the 31,414 units last year decreasing the growth by 18%.
These sales figures will definitely increase in the future given that Tata Motors is gearing first to launch the Punch iCNG in the coming weeks, then in August 2023, Nexon Facelift will launch, and in October 2023, Tata will launch the Harrier and Safari Facelift.