Tata Motors recorded total sales of 229,891 units in Q1 FY25

Press Release – July 1, 2024

Tata Motors recorded total sales of 229,891 units in Q1 FY25

  • Total commercial vehicle sales stood at 91,209 units, up 6% over last year.
  • Total PV sales 138,682 units, -1% YoY

Tata Motors Limited sales in the domestic and international markets stood at 229,891 vehicles in Q1 FY 2024-25 as against 226,245 units in Q1 FY 2023-24.

Domestic Sales Performance:

Social class June 2024 June 2023 ,
Q1 FY25 Q1 FY24 ,
Total Domestic Sales 74,147 80,383 -8% 225,719 222,345 2%

commercial vehicles:

Social class June 2024 June 2023 ,
Q1 FY25 Q1 FY24 ,
HCV Trucks 8,891 9,625 -8% 24,690 24,769 0%
ILMCV Trucks 4,997 4,723 6% 13,791 10,321 34%
Passenger carriers 5,654 4,810 18% 14,893 10,745 39%
SCV Cargo & Pickup 11,081 13,990 -21% 34,241 36,390 -6%
Total CV Domestic 30,623 33,148 -8% 87,615 82,225 7%
CV IB 1,357 1,166 16% 3,594 3,570 1%
Total C.V. 31,980 34,314 -7% 91,209 85,795 6%

Domestic sales of MH&ICVs stood at 14,640 units in June 2024 as against 14,427 units in June 2023; 40,349 units in Q1 FY25 as against 35,188 units in Q1 FY24.

Domestic and international sales for MH&ICVs stood at 15,224 units in June 2024 as against 14,770 units in June 2023; while in Q1 FY25 it stood at 41,974 units as against 36,577 units in Q1 FY24.

Mr. Girish Wagh, Executive Director, Tata Motors Limited. Said, “Tata Motors Commercial Vehicles domestic sales in Q1 FY25 stood at 87,615 units, up ~7% over Q1 FY24 sales. Additionally, sales in June 2024 were up ~3% over May 2024.

The M&HCV segment led growth with Q1 FY25 sales volumes growing by ~10% over Q1 FY24. While HCV demand remained good, market sentiment in the MCV segment remained positive with demand picking up in e-commerce, auto-aggregates and LPG segments. The CV passenger business continued its strong post pandemic recovery, with the school and staff transportation segment growing 39% during the quarter. Small and light commercial vehicle sales declined by ~6% in Q1 FY25 over Q1 FY24, primarily due to financial challenges faced by 'first-time users' in the category.

Going forward, forecasts of a good monsoon, expectations of policy continuity and the government’s continued emphasis on infrastructure-related development projects are expected to improve demand for commercial vehicles. Demand should also remain good in the staff, intercity and stage carriage segments despite the seasonal decline in school transport often seen in the second quarter. We continue to focus on partnering with our customers to drive success, while carefully monitoring relevant macro factors including geopolitical developments, interest rates, fuel prices and inflation.”

passenger vehicle:

Social class June 2024 June 2023 % Change Q1 FY25 Q1 FY24 ,
Total PV Domestic (Including EV) 43,524 47,235 -8% 138,104 140,120 -1%
PV IB 100 124 -19% 578 330 75%
Total PV (EV included) 43,624 47,359 -8% 138,682 140,450 -1%
EV (IB+Domestic) 4,657 7,025 -34% 16,579 19,346 -14%

This includes the sale of both the subsidiaries of Tata Motors Limited, Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited.

Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd.Said, “In Q1 FY25, after a surge in demand in the first fortnight of April due to festivals in parts of the country, the passenger vehicle industry witnessed a decline in retail sales (registrations) in the months of May and June, impacted by the general elections and heat waves across the country. Tata Motors' wholesales of 138,682 cars and SUVs in Q1 FY25 remained stable compared to Q1 FY24, as we readjusted our wholesales in line with retail sales to keep channel inventory under control.

The electric vehicle industry was impacted by the broader industry trend and the impact of significant preponement fleet sales in Q4FY24 due to the end of FAME II subsidy in March 2024. As a result, while personal segment retail sales grew marginally, the fleet segment witnessed a sharp decline, which is expected to improve in the coming quarters.

Going forward, we expect demand to improve, as enquiries have remained strong despite lower retail sales in the last two months. In addition to the onset of the festive season from August, this strong enquiry pipeline bodes well for the industry. Tata Motors is well placed to capitalise on this growth opportunity on the back of strong demand for its SUV portfolio, especially the Punch and Nexon, as well as new launches in the coming months.”

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