October 2023 Tata Car Sales Analysis - YoY, MoM Change, 6-Month Trend | V3Cars

October 2023 - Tata Car Sales Figures - YoY Change

• Top Gainers:
  • Punch (B1 SUV): The Punch has shown a significant increase in sales, with a YoY change of 39.47%. 
  • Nexon (B2 SUV): The Nexon also experienced a notable YoY growth of 22.66%. This suggests that the model continues to be popular and may have benefited from ongoing market trends favoring SUVs.
  • Altroz (B2 Hatch): The Altroz in the hatchback segment has seen a healthy growth of 25.45%. This could be due to factors like customer preference for hatchbacks, competitive pricing, or positive reviews.
• Top Losers:
  • Tigor (B2-Sedan): Tigor experienced a significant decline in sales with a YoY change of 60.93%. This substantial drop might indicate a shift in consumer preferences away from sedans, or there might be specific issues with the Tigor model.
  • Tiago (B1- Hatch): Tiago, in the hatchback segment, faced a decline of 25.48% in sales. This might be attributed to increased competition in the hatchback category or specific challenges faced by the Tiago model.
  • Harrier (C2-SUV): The Harrier saw a decrease in sales with a YoY change of 31.35%. This could be due to increased competition in the SUV segment or specific challenges faced by the Harrier model.
• Other Observations:
  • Segment Trends: SUVs (B1, B2, C2, D1) seem to dominate the top positions, indicating a continued strong demand for SUVs across various segments.
  • Body-Type Impact: The SUV body type is prominent among both gainers and losers, emphasizing the popularity of SUVs in the market. Sedans (Tigor) are among the top losers, reflecting a potential shift in consumer preferences towards SUVs.
  • Model-Specific Challenges: The Tigor and Harrier, in particular, have faced challenges, possibly requiring a closer look at factors like pricing, features, or market competition affecting these models negatively.

October 2023 - Tata Car Sales Figures - MoM Change

• Top Gainers:
  • Safari (D1 SUV): Safari experienced a significant increase in sales with a MoM change of 159.69%. This could be due to various factors, such as marketing campaigns, special promotions, or increased demand for SUVs in the market.
  • Harrier (C2 SUV): Harrier also showed a substantial gain with a MoM change of 104.75%. This remarkable increase might be attributed to factors like positive customer feedback, special offers, or improvements made to the model.
  • Nexon (B2 SUV): While not as drastic as the SUVs in the higher segments, Nexon still had a notable MoM increase of 10.19%. This suggests continued popularity and steady growth for the model.
• Top Losers:
  • Tiago (B1 Hatch): Tiago faced a significant decline in sales with a MoM change of 21.11%. This drop could be influenced by various factors, such as increased competition in the hatchback segment or specific challenges faced by the Tiago model.
  • Altroz (B2 Hatch): Altroz also saw a decrease in sales with a MoM change of 10.47%. This might indicate a temporary dip in demand for hatchbacks in the given month.
• Other Observations:
  • SUV Dominance: SUVs continue to dominate both gainers and losers, reinforcing the sustained popularity of this body type.
  • Segment Variations: While SUVs in higher segments (C2, D1) experienced significant gains, the B2 SUVs (Nexon, Punch) also showed positive momentum. This indicates a broad interest in SUVs across different segments.
  • Sedan Stability: Tigor, a sedan in the B2 segment, showed a small MoM increase of 1.89%, suggesting relative stability compared to the more drastic changes in the SUV and hatchback segments.

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Tata Motors — 6-Month Sales Trend (May 2023 - October 2023)

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