{"id":12551,"date":"2023-11-11T10:46:57","date_gmt":"2023-11-11T10:46:57","guid":{"rendered":"https:\/\/infundpros.com\/markets\/stocks\/tata-motors-records-mixed-sales-performance-in-october-2023\/"},"modified":"2023-11-11T10:46:57","modified_gmt":"2023-11-11T10:46:57","slug":"tata-motors-records-mixed-sales-performance-in-october-2023","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=12551","title":{"rendered":"Tata Motors records mixed sales performance in October 2023"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

Tata Motors <\/span><\/span> (NYSE:) reported a mixed sales performance in October 2023, with a year-on-year (YoY) growth of 7% and a month-on-month (MoM) increase of 8%, selling a total of 48,343 vehicles. The company’s SUV models, Nexon and Punch, played significant roles in this achievement, accounting for approximately two-thirds of the total sales.<\/p>\n

The Nexon model led the SUV segment, selling 16,887 units, marking a YoY increase of 23% and a MoM growth of 10%. The Punch model also made a notable contribution with a YoY increase of 39%, selling 15,317 units, and showing a MoM improvement of 17%.<\/p>\n

However, not all models experienced positive growth. The Tiago model faced a YoY decline of 25% and a MoM decline of 21%, selling only 5,356 units. The Altroz model, despite achieving a YoY growth of 25% with 5,984 units sold, suffered a MoM decline. Tata Motors’ only sedan, Tigor, witnessed a substantial YoY decline of 61%, selling just 1,563 units but experienced a slight MoM increase of 2%.<\/p>\n

Tata’s flagship SUVs, the Harrier and Safari models also reported YoY sales declines of 31% and 23% respectively. However, these models saw significant MoM increases; Harrier’s sales rose by 105%, reaching 1,896 units sold and Safari’s sales surged dramatically by 160%, totaling to 1,340 units.<\/p>\n

In September and October 2023, Tata Motors introduced new Nexon and Nexon.ev models and updated Harrier and Safari models inspired by the Curvv concept. Both Harrier and Safari earned a Global NCAP 5 Star Rating, becoming the safest Made-In-India cars. The company is also testing Tata Punch EV and Curvv SUV for a 2024 launch. Despite these advancements, the company experienced a market share decline to 12.4% in October 2023.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Tata Motors (NYSE:) reported a mixed sales performance in October 2023, with a year-on-year (YoY) growth of 7% and a…<\/p>\n","protected":false},"author":1,"featured_media":1246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":{"0":"post-12551","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nTata Motors records mixed sales performance in October 2023 | inFundPros<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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