Taiga Motors Reports Robust Q1 Growth and Expansion

Taiga Motors Corporation (TSE:TAIG) has released an update.

Taiga Motors Corporation, an innovative electric off-road vehicle manufacturer, has reported a significant revenue increase in the first quarter of 2024, with sales reaching $5.08 million—a 194% growth compared to the same period last year. The company enhanced its omnichannel sales approach by integrating dealerships, aimed at boosting local sales and service, and expanded its international presence with new sales agreements in Europe and distribution in the U.A.E and South America. Additionally, Taiga has reduced operational costs and aligned production with dealer inventory levels, reflecting a strategic adjustment to its market strategy.

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