Tata Motors Limited recorded total sales of 229,891 vehicles in the domestic and international markets for Q1 FY 2024-25, an increase from 226,245 units in Q1 FY 2023-24.
Domestic Sales Performance:
| Category | June ’24 | June ’23 | % Change | Q1 FY25 | Q1 FY24 | % Change |
|---|---|---|---|---|---|---|
| Total Domestic Sales | 74,147 | 80,383 | -8% | 225,719 | 222,345 | 2% |
Commercial Vehicles:
| Category | June ’24 | June ’23 | % Change | Q1 FY25 | Q1 FY24 | % Change |
|---|---|---|---|---|---|---|
| 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 and 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 International Business | 1,357 | 1,166 | 16% | 3,594 | 3,570 | 1% |
| Total CV | 31,980 | 34,314 | -7% | 91,209 | 85,795 | 6% |
MH&ICV Sales:
| Category | June ’24 | June ’23 | Q1 FY25 | Q1 FY24 |
|---|---|---|---|---|
| Domestic | 14,640 | 14,427 | 40,349 | 35,188 |
| Domestic & International | 15,224 | 14,770 | 41,974 | 36,577 |
Girish Wagh, Executive Director of Tata Motors Ltd., highlighted the 7% increase in domestic commercial vehicle sales for Q1 FY25 compared to Q1 FY24, driven by a 10% rise in the M&HCV segment. He attributed the growth to positive market sentiment in the MCV segment and robust post-pandemic recovery in the CV passenger business. He also noted challenges in the SCV and LCV segments due to financing issues for first-time users.
Passenger Vehicles:
| Category | June ’24 | June ’23 | % Change | Q1 FY25 | Q1 FY24 | % Change |
|---|---|---|---|---|---|---|
| Total PV Domestic (includes EV) | 43,524 | 47,235 | -8% | 138,104 | 140,120 | -1% |
| PV International Business | 100 | 124 | -19% | 578 | 330 | 75% |
| Total PV (includes EV) | 43,624 | 47,359 | -8% | 138,682 | 140,450 | -1% |
| EV (Domestic & International) | 4,657 | 7,025 | -34% | 16,579 | 19,346 | -14% |
Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd., noted that the overall flat performance in Q1 FY25 compared to Q1 FY24 was due to adjustments in wholesales to align with retail sales. He also mentioned the impact of the FAME II subsidy expiry on EV sales, with a sharp decline in the fleet segment expected to recover in the coming quarters. Looking ahead, Chandra is optimistic about demand recovery driven by strong enquiries and the upcoming festive season, with Tata Motors poised to leverage growth opportunities, particularly in its SUV portfolio and upcoming launches.
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