Passenger Vehicles (PV)
Total passenger vehicle sales including EVs stood at 41,313 units, corresponding to 45,317 units in September 2023, observing a fall of 9% Y-o-Y. The Q2 FY25 sales declined 6% with 1,30,753 units, as against 1,38,939 units in Q2 FY24.
Total domestic sales including EVs stood at 41,063 units in September 2024, as against 44,809 units sold in the same month last year. This recorded a drop of 8% Y-o-Y. The Q2 FY25 sales also declined 6% Y-o-Y with 1,29,930 units sold against 1,37,950 units sold in Q2 FY24.
Total domestic sales
Tata Motors reported a decline of 15% in its total domestic sales with 69,694 units sold in September 2024, as against 82,023 units sold in the same period last year. Company's Q2 FY25 sales dropped 11% Y-o-Y with 2,09,861 units sold in comparison with 2,37,128 units sold in Q2 FY24.
Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd. said, “The PV industry in Q2 FY25 saw more than 5% decline in retails (Vahan registrations) compared to Q2 FY24 driven by slow consumer demand and seasonal factors. In contrast, industry offtake was significantly higher than registrations in anticipation of a strong start to the festive season, resulting in a continued buildup of channel stock. In addition, Electric Vehicle sales in personal segment was affected by the lapse of registration and road tax waivers in key states. Fleet EV sales continued to remain impacted due to lapse of FAME II and non-inclusion of the fleet segment in PM-eDRIVE scheme."
Commercial Vehicles(CV)
Tata Motors total sales of CV in September 2024 declined 23% Y-o-Y with 30,032 units sold. While in September 2023, the company sold 39,064 units. In Q2 FY25 the sales decreased 19% with 84,281 units, as against 1,04,085 units in the same period last year.
Domestic sales of CV stood at 28,631 units in September 2024 against 37,214 units in September 2023. This also observed a decline of 23%.
Domestic sales of MH&ICV in September 2024, was 14,190 units vs 18,577 units in Sept 2023. Domestic & International sales for MH&ICV in Sept 2024, was 14,839 units vs 19,199 units in September 2023.
Girish Wagh, Executive Director, Tata Motors Ltd. said, “Tata Motors Commercial Vehicles domestic sales at 79,931 units in Q2 FY25 were ~19% lower than Q2 FY24 sales. Sales in September 2024 were ~11% higher compared to August 2024. Slowdown in infrastructure project execution, reduction in mining activity and an overall drop in fleet utilization due to heavy rains resulted in the HCV segment record a 25% YoY decline in Q2 FY25 and the ILMCV segment register a 11% decline.”
"Tata Motors posted wholesales of 130,753 units in Q2 FY25, a decline of 6% compared to Q2 FY24, as we readjusted wholesales to lower-than-expected retails, to keep channel inventory under control. During the quarter, we launched the Curvv, which has received an excellent response with strong bookings for all its powertrains – petrol, diesel and electric. Initial deliveries of Curvv have commenced, and we will continue to ramp up production in Q3. Our market facing interventions have been well received, generating a strong pipeline. The launch of our higher range Nexon.ev has also generated strong consumer interest. Registrations picked up pace towards end of the month which augurs well for the festive period ahead and we remain focused on driving up consumer preference for our exciting range of vehicles while maintaining the health of our dealer network," added Chandra.
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