Tata Motors Sales report for Sep-2024

Mumbai- Tata Motor Limited., released its sales report for September 2024, total domestic sales amounted to 69,694 units, representing a 15% decline compared to 82,023 units in September 2023. For Q2 FY25, domestic sales reached 209,861 units, marking an 11% decrease from 237,128 units in Q2 FY24. This trend indicates a continued challenge in maintaining sales momentum year over year.

Commercial vehicle (CV) domestic sales reached 30,032 units, reflecting a 23% decline from 39,064 units in September 2023. Within this segment, heavy commercial vehicle (HCV) truck sales dropped by 28%, totaling 9,295 units, while intermediate and light commercial vehicle (ILMCV) truck sales decreased by 16% to 5,387 units. The sales of small commercial vehicles (SCVs), including cargo and pickups, also fell by 26%, totaling 10,848 units. In contrast, passenger carriers experienced a smaller decline of 7%, with 3,101 units sold. For Q2 FY25, total CV sales stood at 84,281 units, down 19% from 104,085 units in Q2 FY24.

Domestic sales of MH&ICV in Sept 2024, was 14,190 units vs 18,577 units in Sept 2023; In Q2 FY25 it was 37,372 units, compared to 45,174 units in Q2 FY24.

Domestic & International sales for MH&ICV in Sept 2024, was 14,839 units vs 19,199 units in Sept 2023; while in Q2 FY25 it stood at 39,433 units, vs 46,865 units in Q2 FY24.

passenger vehicle (PV) sales, including electric vehicles (EVs), reached 41,063 units, marking an 8% decline from 44,809 units in September 2023. The overall PV sales, which also include imports, amounted to 41,313 units, a 9% decrease compared to 45,317 units last year. Additionally, EV sales, both domestic and imported, fell by 23% to 4,680 units. For Q2 FY25, total PV sales stood at 130,753 units, down 6% from 138,939 units in Q2 FY24.

Includes sales of Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited, both subsidiaries of Tata Motors Limited.

Mr. Girish Wagh, Executive Director, Tata Motors Ltd. said, Tata Motors' Commercial Vehicles domestic sales dropped ~19% YoY in Q2 FY25, with a 25% decline in the HCV segment due to rains and lower fleet utilization. Passenger commercial vehicles grew 3%, while SCVPU volumes fell by 25%. Improvement is expected with easing rains, infrastructure spending, and festive demand ahead. demand to pick up gradually in Q3, led by ILMCV and Buses, followed by M&HCV and SCVPU.”

Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd. said, The PV industry saw over a 5% drop in Q2 FY25 retail registrations compared to Q2 FY24 due to weak demand and seasonal factors. Tata Motors wholesales declined 6%, aligning with lower-than-expected retails to manage inventory. However, the Curvv launch received a strong response, and Nexon.ev's higher range variant is driving interest.

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