By Priya Singh
3994 Views
Updated On: 01-Mar-2024 11:47 AM
Tata Motors reports mixed results for February 2024 with a 4% drop in commercial vehicle sales, while the passenger carriers segment shows strong growth.
Key Highlights:
• Tata Motors' February 2024 sales: 86,406 units.
• Domestic MH&ICV sales decline.
• HCV truck sales are down by 15%.
• Passenger carrier sales surge 29%.
• Total CV sales dropped by 4%.
Tata Motors Limited, a leading global automobile manufacturer, has reported impressive sales figures for February 2024. In February 2024, Tata Motors Limited sold a total of 86,406 vehicles in both domestic and international markets, which marked an increase from the 79,705 units sold in February 2023.
In February 2024, the sale of medium and heavy commercial vehicles (MH&ICV) like trucks and buses within the country was 16,227 units, which was slightly lower than the 17,282 units sold in February 2023.
Overall, including both domestic and international markets, the total sales for MH&ICV in February 2024 were 16,663 units, compared to 17,928 units in the same month of the previous year.
Let's break down the sales figures by category for February 2024 compared to February 2023:
| Category | February 2024 | February 2023 | Growth (Y-o-Y) |
| HCV Trucks | 10,091 | 11,868 | -15% |
| ILMCV Trucks | 5,083 | 5,426 | -6% |
| Passenger Carriers | 4,692 | 3,632 | 29% |
| SCV cargo and pickup | 13,701 | 14,218 | -4% |
| CV Domestic | 33,567 | 35,144 | -4% |
| CV IB | 1,518 | 1,421 | 7% |
| Total CV | 35,085 | 36,565 | -4% |
Heavy Commercial Vehicles (HCV) Trucks: 10,091 units (15% Decrease)
In February 2024, there were 10,091 HCV trucks sold, down by 15% compared to February 2023 when 11,868 were sold.
Intermediate and Light Commercial Vehicles (ILMCV) Trucks: 5,083 units (6% Decrease)
The sales of ILMCV trucks were 5,083 units in February 2024, showing a decline of 6% from February 2023's 5,426 sales.
Passenger Carriers: 4,692 units (29% Increase)
February 2024 saw an increase in passenger carrier sales, with 4,692 units sold, marking a 29% growth from the 3,632 units sold in February 2023.
Small Commercial Vehicles (SCV) Cargo and Pickup: 13,701 units (4% Decrease)
In February 2024, 13,701 SCV cargo and pickup trucks were sold, down by 4% compared to February 2023's sales of 14,218.
Commercial Vehicle (CV) Domestic Sales: 33,567 units (4% Decrease)
The domestic CV sales totaled 33,567 in February 2024, showing a 4% decrease from February 2023's sales of 35,144.
Commercial Vehicle (CV) International Business (IB): 1,518 units (7% Increase)
The sales in the CV IB segment witnessed growth in February 2024, with 1,518 units sold, reflecting a 7% increase from February 2023's sales of 1,421 units.
Also Read: Tata Motors Registers 2% Drop in Commercial Vehicle Sales for January 2024
Total Commercial Vehicle (CV) Sales: 35,085 units (4% Decrease)
In February 2024, the total CV sales stood at 35,085 units, which was down by 4% from February 2023's sales of 36,565 units.
CMV360 Says
In February 2024, Tata Motors Limited marked an impressive sales surge, reaching 86,406 vehicles globally, a notable increase from the previous year. Despite minor fluctuations in certain segments, the overall performance reflects progress, particularly in the passenger carrier segment with a 29% increase.