Tata Motors Registers Total Sales Of 2,15,034 Units In Q2 FY'25
The company sold total 69,694 units of cars in the September 2024
Tata Motors' sales in the domestic & international market for Q2 of FY2024-25 stood at 2,15,034 vehicles, compared to 2,43,024 units during Q2 FY 2023-24.
Domestic Sales Performance:
Category | Sept’24 | Sept’23 | % Change | Q2 FY25 | Q2 FY24 | % Change |
Total Domestic Sales | 69,694 | 82,023 | -15% | 2,09,861 | 2,37,128 | -11% |
Commercial Vehicles:
Category | Sept’24 | Sept’23 | % Change | Q2 FY25 | Q2 FY24 | % Change |
HCV Trucks | 9,295 | 12,867 | -28% | 22,904 | 30,369 | -25% |
ILMCV Trucks | 5,387 | 6,377 | -16% | 14,693 | 16,483 | -11% |
Passenger Carriers | 3,101 | 3,344 | -7% | 10,935 | 10,622 | 3% |
SCV cargo and pickup | 10,848 | 14,626 | -26% | 31,399 | 41,704 | -25% |
Total CV Domestic | 28,631 | 37,214 | -23% | 79,931 | 99,178 | -19% |
CV IB | 1,401 | 1,850 | -24% | 4,350 | 4,907 | -11% |
Total CV | 30,032 | 39,064 | -23% | 84,281 | 104,085 | -19% |
Domestic sales of MH&ICV in Sept 2024, was 14,190 units vs 18,577 units in Sept 2023; In Q2 FY'25 it was 37,372 units, compared to 45,174 units in Q2 of FY'24.
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.
Commenting on the company's September 2024 performance, Girish Wagh, Executive Director, Tata Motors, said, “Tata Motors Commercial Vehicles domestic sales at 79,931 units in Q2 FY25 were 19 per cent lower than Q2 FY24 sales. Sales in September 2024 were 11 per cent higher compared to August 2024.
Slowdown in infrastructure project execution, reduction in mining activity and an overall drop in fleet utilisation due to heavy rains resulted in the HCV segment record a 25 per cent YoY decline in Q2 FY'25 and the ILMCV segment register a 11 per cent decline. The resilient demand in the passenger commercial vehicles business saw it register a 3 per cent increase in Q2 FY'25 over Q2 FY'24. SCVPU volumes decline by 25 per cent YoY, and we expect a gradual improvement as we press on with initiatives to address challenges in first-time user financing.
As we move forward, with the rains easing, increased infrastructure spending, and the arrival of the festive season boosting consumption, we anticipate demand to pick up gradually in Q3, led by ILMCV and Buses, followed by M&HCV and SCVPU.”
