Tata Motors’ passenger vehicle (PV) sales in the domestic market was 51,321 units, an increase of 19% from 43,140 units the previous year.
Tata Motors recorded an 8.4% increase in total wholesales in February to 86,406 units, up from 79,705 in the same month the previous year.
Last month, the automaker’s total domestic sales were 84,834, up from 78,006 the previous month, representing a 9% increase.
Tata Motors’ passenger vehicle (PV) sales in the domestic market, including electric vehicles, were 51,321 units, up 19% from 43,140 units the previous month, according to a regulatory filing.
Total commercial vehicle sales declined 4% to 35,085 units last month, down from 36,565 units the previous year.
Domestic MH&ICV sales, comprising trucks and buses, decreased to 16,227 units in February, down from 17,282 in February 2023.
Total domestic and international MH&ICV sales in February, including trucks and buses, were 16,663 units, compared to 17,928 units in February 2023, the company said.
Tata Motors’ passenger vehicle (PV) sales in the domestic market, including electric vehicles, were 51,321 units, up 19% from 43,140 units the previous month, according to a regulatory filing.
Total commercial vehicle sales declined 4% to 35,085 units last month, down from 36,565 units the previous year.
Domestic MH&ICV sales, comprising trucks and buses, decreased to 16,227 units in February, down from 17,282 in February 2023.
Total domestic and international MH&ICV sales in February, including trucks and buses, were 16,663 units, compared to 17,928 units in February 2023, the company said.
Tata Motors’ share price has recently rallied as a result of improved financials and increased sales. The stock has increased by more than 11% in the last month and more than 39% in the last three months. Over the last year, Tata Motors’ stock has increased by more than 130 percent.
Tata Motors, India’s most valued carmaker, surpassed street predictions in the quarter ended December 2023, reporting a more than two-fold increase in net profit led by strong sales in its British luxury car brand, Jaguar Land Rover (JLR).
In Q3 FY24, Tata Motors’ consolidated net profit increased by 137.5% to ₹7,025.11 crore, from ₹2,958 crore in the previous year.
In the third quarter of FY24, total revenue from operations increased by 25% to ₹110,577 crore from ₹88,488.59 crore year on year. JLR sales increased by 27% during this period.
In the December quarter, the car major’s earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 59% to ₹15,333 crore from ₹9,644 crore the previous year.
At 2:20 pm, Tata Motors shares were trading 2.80% higher on the BSE at ₹977.45 per share.
