Tata Motors, which recorded its best-ever monthly sales of 47,654 units (up 85 percent YoY) in September 2022 and cumulative sales of 272,450 units (up 84 percent YoY) in the first six months of the ongoing fiscal, is currently well on track to achieving its goals for FY2023-half-a-million passenger vehicles including 50,000 EVs.
While the overriding target for PVs is 500,000 units, which is a 34 percent YoY increase over FY2022's 373,138 units, Tata Motors is also gunning for 10 percent of its PV sales to comprise electric vehicles (EVS) in FY2023.
As regards the first goal, at the end of September, the carmaker has achieved 54.50 percent of that with combined ICE-EV sales of 272,450 units in April-September 2022. That leaves a balance of 227,550 units - or average monthly sales of 37,925 units between October 2022 and March 2023. Considering it has already clocked average monthly sales of 45,408 units between April-September 2022, Target number 1 should be comfortably achievable.
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