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Updated On: 01-Aug-2024 06:18 AM
Tata Motors' July 2024 sales dropped to 71,996 units, with declines in commercial and passenger vehicles compared to last year.
Tata Motors Limited reported a total sales figure of 71,996 units in July 2024. This marks a decrease from the 80,633 units sold in July 2023. The decline is evident in both passenger vehicles (PV) and commercial vehicles (CV) sectors. Here's a closer look at the performance in domestic and international markets:
Metric | July 2024 | July 2023 | % Change (YoY) |
Total Sales | 71,996 | 80,633 | -11% |
Tata Motors' domestic sales for July 2024 showed a notable decrease of 11% compared to the same month last year.
Category | July 2024 | July 2023 | % Change (YoY) |
Total Domestic Sales | 70,161 | 78,844 | -11% |
Commercial vehicle sales also experienced a decline in July 2024. Here’s a breakdown by category:
Category | July 2024 | July 2023 | % Change (YoY) |
HCV Trucks | 6,493 | 8,502 | -24% |
ILMCV Trucks | 4,341 | 4,899 | -11% |
Passenger Carriers | 4,424 | 4,292 | +3% |
SCV Cargo and Pickup | 10,178 | 13,523 | -25% |
Total CV Domestic | 25,436 | 31,216 | -19% |
CV IB | 1,606 | 1,728 | -7% |
Total CV | 27,042 | 32,944 | -18% |
The sale of Medium and Heavy Commercial Vehicles (MH&ICV) domestically was 11,174 units in July 2024, down from 13,291 units in July 2023.
HCV Trucks: Sales of Heavy Commercial Vehicles (HCV) dropped to 6,493 units in July 2024 from 8,502 units in July 2023, marking a significant decline of 24% year-on-year.
ILMCV Trucks: Sales of Intermediate and Light Commercial Vehicles (ILMCV) decreased to 4,341 units from 4,899 units, reflecting an 11% reduction compared to the previous year.
Passenger Carriers: The sales of passenger carriers slightly increased by 3%, with 4,424 units sold in July 2024 compared to 4,292 units in July 2023.
SCV Cargo and Pickup: Sales of Small Commercial Vehicles (SCV) including cargo and pickups fell to 10,178 units from 13,523 units, showing a 25% decline year-on-year.
Total CV Domestic: The total domestic sales for commercial vehicles dropped by 19%, with 25,436 units sold in July 2024 compared to 31,216 units in July 2023.
CV IB: Sales of Commercial Vehicles in International Business (CV IB) saw a decrease of 7%, from 1,728 units in July 2023 to 1,606 units in July 2024.
Total CV: Overall commercial vehicle sales, including both domestic and international markets, declined by 18%, totaling 27,042 units in July 2024 compared to 32,944 units in July 2023.
Passenger vehicle sales for Tata Motors decreased by 6% year-on-year in July 2024. The total domestic sales, including electric vehicles (EVs), fell to 44,725 units from 47,628 units in July 2023. However, there was a significant increase in passenger vehicle imports (PV IB), which rose by 275% to 229 units. The overall total for passenger vehicles, including EVs, was 44,954 units compared to 47,689 units last year, marking a 6% drop. Notably, EV sales, combining both imports and domestic, declined by 21% to 5,027 units from 6,329 units. This data encompasses sales from Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited.
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The overall sales decline for Tata Motors in July 2024 reflects a challenging market environment. While the commercial vehicle sector has been hit hardest, the company continues to see significant sales in its passenger vehicle segment, particularly in electric vehicles.