Tata Motors' total sales stood at 2,35,599 units in December 2024, registering growth of 0.26% as compared with 2,34,981 units in December 2023.
Total domestic sales increased 1% YoY to 76,599 units in December 2024.Total commercial vehicle sales declined 1% to 33,875 units in December 2024 from 34,180 units reported in the same period last year.
Domestic sales of medium and heavy intermediate commercial vehicles (MH & ICV) in December 2024 stood at 15,968 units, down 5.24% as compared with 16,851 units in December 2023.
Total MH&ICV sales for domestic & international business in December 2024 stood at 16,604 units, down 5.61% compared to 17,591 units in December 2023.
Total passenger vehicle (including EV) sales rose 1% to 44,289 units in December 2024 as compared with 43,675 units sold in December 2023.
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Girish Wagh, executive director of Tata Motors, said, Tata Motors Commercial Vehicles registered domestic sales of 91,260 units in Q3 FY25, witnessing a marginal YoY decline of ~1% over Q3 FY24 and marking a significant improvement over the 19% YoY decline in sales recorded in Q2 FY25. Further, sales in December 2024 were ~24% higher than those recorded in November 2024.
Propelled by a resurgence in construction and mining activities post-monsoon, plus the festive season demand, the HCV segment witnessed robust sequential quarter on quarter (QoQ) growth in sales during Q3 FY25, even as the YoY sales declined 9% due to limited growth in end-use segments.
Shailesh Chandra, managing director of Tata Motors passenger vehicles and Tata passenger electric mobility, said, The PV industry posted moderate growth in CY24 and is expected to touch a sales volume of 4.3 million units, with strong growth in the SUV segment and sustained traction for emission-friendly powertrains. In Q3 FY25, the industry saw a strong revival, driven by increased retails in the festive season.
For Tata Motors, CY24 was the fourth consecutive year of highest-ever annual sales with 565,000 units sold. We registered strong growth in our SUV portfolio with successful product introductions built on our proven multipowertrain strategy. CNG volumes grew a substantial 77%, with over 120,000 CNG vehicles sold in CY24. SUV volumes grew a robust 19%, with Punch selling over 200,000 units to emerge as the highest selling car model in India in CY24.
Tata Motors, part of the Tata Group, is a global automobile manufacturer of cars, utility vehicles, pickups, trucks, and buses.
The company reported a 9.97% decline in consolidated net profit to Rs 3,450 crore on a 3.74% fall in revenue from operations to Rs 104,444 crore in Q2 FY25 over Q2 FY24.
The counter rose 0.27% to Rs 751.25 on the BSE.
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