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The statistic for CV sales in the first quarter of FY 2023-24 was 85,795 units, a decrease from Q1 FY 2022-23.
Date: July 3, 2023Mumbai- Tata Motors Limited., announced sales numbers for the first quarter of fiscal year 2023-24. During this period, the firm reported a total of 2,26,245 vehicle sales in both domestic and international markets, a little decrease from the same quarter the previous fiscal year, when 2,31,248 vehicles were sold.
The sales of commercial vehicles (CV), which include trucks and buses, fell by 15%. The statistic for CV sales in the first quarter of FY 2023-24 was 85,795 units, a decrease from Q1 FY 2022-23.
In the domestic market, sales of medium and heavy commercial vehicles (MH&ICV), which include trucks and buses, increased in June 2023. This month's domestic MH&ICV sales were 13,980 units, above the previous month's total of 13,366 units. However, when looking at the total performance for Q1 FY 2023-24, domestic MH&ICV sales were 34,256 units, a reduction from the 37,491 units sold in the previous fiscal year's corresponding period.
Taking both domestic and international sales into consideration, the total figure for MH&ICV, which includes trucks and buses, in June 2023 was 14,323 units. This figure fell slightly as compared to June 2022, when 14,362 units were sold. Similarly, overall MH&ICV sales in Q1 FY 2023-24 were 35,645 units, a reduction from 39,696 units sold in Q1 FY 2022-23.