Tata Motors sells over 1 lakh vehicles in 30-day festive season
New Delhi, Oct 21
Amid robust festive demand post reduction of Goods and Services Tax (GST) on automobiles, Tata Motors on Tuesday said that it has delivered over 1 lakh cars within the last 30 days from Navratri to Deepawali, since the tax reforms came into effect on September 22.
The Tata Group's automobile manufacturer saw a massive 33 per cent Year-on-Year (YoY) surge in sales during this period, with SUVs continuing to dominate the market.
"Over the 30 days from Navratri to Diwali, we have achieved a landmark milestone with over 1 lakh vehicle deliveries, reflecting a robust 33 per cent growth compared to the same period last year. Our SUVs continue to lead this momentum -- with the Nexon registering over 38,000 retail sales, an impressive 73 per cent growth, while the Punch clocked 32,000 units, growing 29 per cent Year-on-Year," said Shailesh Chandra, Managing Director and CEO, Tata Motors Passenger Vehicles Ltd.
The company's EV portfolio, too, showed strong traction, with over 10,000 EVs retailed during this period, an uptick of 37 per cent.
"Meanwhile, Tata Motors' full portfolio of cars and SUVs has supported this surge further, reinforcing our strategic commitment to product leadership, market relevance and delivery excellence in this pivotal festive window.
"Furthermore, we believe this performance sets the tone for the rest of the fiscal year, especially as we gear up for exciting new launches this year, complemented by sustained customer enthusiasm," Chandra added.
Earlier, an industry estimate showed that automakers clocked record-breaking deliveries, crossing the 100,000 mark within just 24 hours on the occasion of Dhanteras.
As per the estimate, robust festive demand and the positive impact of GST 2.0 reforms, the auto sector saw one of its strongest single-day performances in years.
These deliveries translated into sales worth Rs 8,500-10,000 crore in a single day, based on an average vehicle price of Rs 8.5-10 lakh.
Leading carmakers, including Maruti Suzuki India (MSIL), Tata Motors Passenger Vehicles, and Hyundai Motor India (HMIL) reported record sales this festive season, as consumer confidence hit a high gear.
— IANS
Reader Comments
Our family purchased Tata Punch during Navratri and the delivery was super smooth. The GST cut made it more affordable. Good to see Indian companies performing so well during festive season. More power to Tata! 🙌
While the sales numbers are impressive, I hope Tata improves their after-sales service network. My friend had issues with service in tier-2 city. Great products but service needs to match the sales growth.
10,000 EVs in 30 days! That's fantastic progress for electric mobility in India. Tata is really leading the EV revolution. Hope they expand charging infrastructure too. 🔋⚡
Diwali is always the best time to buy vehicles in India. The GST reduction combined with festive discounts made it perfect timing. My brother got Tata Altroz and we're really happy with the purchase. 🎉
Rs 8,500-10,000 crore in single day sales! This shows the purchasing power of Indian middle class is growing strong. Government's GST reforms have really boosted consumer confidence. Jai Hind! 🇮🇳
The 73% growth for Nexon is phenomenal! I've been driving one
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