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As on 01-Dec-2023  13:22

Tata Motors records muted sales in November

The company's total domestic sales declined by 1% to 72,647 units sold in November 2023 as against 73,467 units sold in the same period last year.

Total commercial vehicles sales was at 28,029 units in November 2023, recording a de-growth of 4% from 29,053 units in November 2022.

Total sales for medium and heavy intermediate commercial vehicles (MH & ICV) domestic & international business in November 2023, including trucks and buses, stood at 12,895 units, up 1.75%.compared to 12,673 units in November 2022.

Domestic sale of MH&ICV grew by 3.42% to 12,303 units from 11,896 units sold in November 2022.

Total passenger vehicles sales (including EV) shed 1% to 46,143 units in November 2023 as compared to 46,425 units sold in the same period last year.

Tata Motors, part of the Tata group, is a global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses.

The auto major reported a consolidated net profit of Rs 3,764 crore in Q2 FY24 as against a net loss of Rs 944.61 crore recorded in Q2 FY23. Total revenue from operations stood at Rs 1,05,128.24 crore in the quarter ended 30 September 2023, rising 32.05% YoY.

The scrip shed 0.21% to Rs 704.80 on the BSE.

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