Punch, Nexon And More Help Tata Motors Register 18% Sales Growth in Jan'23

Tata Motors announced that overall vehicle sales increased by 6.4% to 81,069 units in January 2023. The company sold 76,210 total vehicles over the same period last year. Domestic car sales increased by 10%, to 79,681 units in Jan from 72,485 units in the previous month.

By Sanorita | on February 2, 2023 Follow us on Autox Google News

Tata Motors reported selling 47,987 domestic passenger vehicles in January 2023 with YoY sales growth of 18%. In the same month last year, it sold only 40,777 units. Also, from the 40,043 units sold in the prior month, sales growth on an MoM basis has gone up by 19.84%. The company sold 4,133 electric vehicles with a YoY positive sales growth of 39%. In January 2022, only 2,982 EVs were sold. The firm recorded 83% YoY growth in international business (IB) in January 2023 compared to January 2022. In January 2023, 302 PV IB units were dispatched overall, up from 165 units in January 2022. According to the firm, the rising demand for ICE PVs and electric vehicles in India has contributed to this growth. However, sales of commercial cars have dropped by 7% to 32,780 units in January 2023 from 35,268 units a year earlier. 

Meanwhile, Tata Motors announced a price hike for its array of internal combustion engine (ICE) passenger cars in India. From February onwards, the average increase will be 1.2%, depending on the model. The largest automaker in India cites two factors for the price increase - rising input costs and regulatory changes. The price hike would affect products like the Tata the Altroz, the Punch, the Nexon, the Harrier, and others. It was the second price hike of 2023, following Tata's price revision in January. 

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Industry rumours say that a brand-new 1.5-litre turbo-petrol engine will be included in the upcoming Tata Harrier and the Safari facelifts for India. The leading manufacturer unveiled this engine at the Auto Expo 2023 alongside the other new 1.2-litre turbo-petrol engine. The manufacturer claims that these engines can run on E20 fuel and meet the Phase 2 BS6 emission regulations. They are made of aluminium and offer enhanced performance and higher fuel efficiency. The four-cylinder, 1.5-litre turbo-petrol engine will have a power output of 168bhp and a maximum torque of 280Nm. Tata Motors hasn't given any details on the available transmissions for the new SUVs, although one may be a dual-clutch automatic.

Also Read: Upcoming SUVs in India: Maruti Suzuki Jimny 5-Door, Tata Punch CNG and More

The carmaker would reportedly introduce CNG models of the Punch SUV and Altroz hatchback in 2023. Both vehicles made their public debuts at Auto Expo 2023. Over the next two years, Tata Motors will launch several new cars, including the Harrier EV, the Curvv, and the Sierra.

Tags: Tata Motors Tata Punch Tata Altroz Tata Motors Sales Report 2023

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