Tata Captured The Domestic Market, With 41 Percent Annual Growth In August
According to the sales report released by Tata, Tata's electric vehicle segment has the highest sales compared to the rest of the segment.
Tata Motors, one of India's largest carmakers, has released its sales report for the month of August. Like every time, this time too, the Indian market has seen tremendous sales of Tata vehicles. According to the sales report released, Tata has achieved a total sales growth of 41 percent on a year-on-year basis in the last month. At the same time, similar figures have been seen in other segments as well.
What does Tata's sales report say?
Tata Motors sold a total of 76,479 units in the month of August this year as compared to 54,190 units during the same period last year. In this way, the company earned a profit of 41 percent in domestic sales of vehicles on a year-on-year basis. On the other hand, if we look at the monthly sales, in July 2022, the company sold a total of 78,978 units, which has shown a decline of 3.17 percent on a monthly basis. In the month of August, the number of commercial vehicles stood at 31,492 units, while the number of passenger vehicles was 47,166 units. In this, 3,845 units of Electric Vehicles (EVs) were sold.
Tata sales in the passenger and commercial segment
After total sales, if we talk about different segments of Tata, then Tata sold a total of 47,166 units of passenger vehicles domestically, which was 28,018 units during August 2021. In this way, the company got a tremendous 68 percent increase in the sales of this passenger vehicle. At the same time, the domestic sales of commercial vehicles stood at 29,313 units against 26,172 units in August 2021. In this way, a jump of 12 percent has been seen in the sales of commercial vehicles.
No competition for Tata's electric segment
According to the sales report released by Tata, Tata's electric vehicle segment has the highest sales compared to the rest of the segment. Last month, Tata posted a bumper profit of 276 percent on a year-on-year basis. If we look at the figures, in the month of August last year, Tata sold a total of 1,022 units, which increased to 3,845 units this year. Nexon EV tops Tata's best-selling electric cars.