Tata Motors shares are expected to be in the spotlight on Thursday, October 23, after the company reported a significant surge in vehicle deliveries during the recent festive season. The company announced that it delivered over 1 lakh vehicles in a 30-day period from Navratri to Diwali, marking a notable 33per cent growth over the same period last year.
According to a statement issued on Tuesday, Tata Motors highlighted that the increase in deliveries was primarily driven by strong demand for its SUV range. Electric vehicles (EVs) also contributed to the positive momentum, with substantial traction recorded across the segment.
The announcement was made by Shailesh Chandra, Managing Director and CEO of Tata Motors Passenger Vehicles Ltd.
Chandra stated that the company achieved a “landmark milestone” of over 1 lakh vehicle deliveries between Navratri and Diwali, reflecting robust year-on-year growth. The Nexon SUV played a pivotal role in this performance, registering over 38,000 units, which represents a 73per cent increase compared to the previous year.
Another key model, the Tata Punch, recorded 32,000 units during the same period, showing a 29per cent year-on-year growth.
In addition, Tata Motors’ EV portfolio continued to grow steadily, with over 10,000 EVs sold during the festive window. This marks a 37per cent increase in EV sales year-on-year, reinforcing the company’s ongoing push into the electric mobility space.
Chandra further noted that the company’s entire range of cars and SUVs has helped support the surge in festive demand. He emphasized that this performance lays a strong foundation for the remainder of the fiscal year, as the company prepares for a series of new vehicle launches.
This momentum, he added, is further backed by continued customer enthusiasm.
