By Priya Singh
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Updated On: 01-Jul-2024 02:50 PM
Discover the latest sales insights from Tata Motors Limited! June 2024 sales: CV Domestic 30,623 units, an 8% YoY decline.
Key Highlights:
Tata Motors Limited, a leading automobile manufacturer, has reported sales figures for June 2024. Tata Motors Limited sold a total of 31,980 units of commercial vehicles in June 2024 compared to 34,314 units in June 2023.
Let's discuss the category-wise sales figures of Tata Motors for June 2024 compared to June 2023 in detail:
Category | June24 | June23 | Growth (Y-o-Y) |
HCV Trucks | 8,891 | 9,625 | -8% |
ILMCV Trucks | 4,997 | 4,723 | 6% |
Passenger Carriers | 5,654 | 4,810 | 18% |
SCV cargo and pickup | 11,081 | 13,990 | -21% |
CV Domestic | 30,623 | 33,148 | -8% |
CV IB | 1,357 | 1,166 | 16% |
Total CV | 31,980 | 34,314 | -7% |
Heavy Commercial Vehicles (HCV) Trucks: 8,891 units (8% Decline)
In June 2024, 8,891 units of HCV trucks were sold compared to 9,625 units sold in June 2023. There is a YOY decline of 8%.
Intermediate and Light Commercial Vehicles (ILMCV) Trucks: 4,997 units (6% Growth)
The sales of ILMCV trucks were 4,997 units in June 2024, showing a growth of 6% from June 2023. In June 2023, 4,723 units were sold in this segment.
Passenger Carriers: 5,654 units (18% Increase)
In June 2024, there was an increase of 18% in the passenger carrier segment, with 5,654 units sold. In June 2023, 4,810 units were sold in this segment.
Small Commercial Vehicles (SCV) Cargo and Pickup: 11,081 units (21% Decline)
In June 2024, 11,081 SCV cargo and pickup trucks were sold compared to 13,990 units sold in June 2023. In this category, there is a decline of 21%.
Total Commercial Vehicle (CV) Domestic Sales: 30,623 units (8% Decline)
The domestic CV sales totalled 30,623 in June 2024, showing an 8% decrease in sales from June 2023's sales of 33,148 units.
Tata Motors Export Sales June 2024
CV IB: 1,357 units (16% Increase)
The sales in the CV IB segment experienced a growth of 16% in June 2024, with 1,357 units compared to 1,166 units in June 2023.
Total Commercial Vehicle (CV) Sales: 29,691 units (2% Increase)
Overall, Tata Motors' total CV sales were 31,980 units, down 7% from 34,314 units last year.
Also Read: Tata Motors May 2024 Sales Report: 2% Year-on-Year Increase in CV Sales
CMV360 Says
Tata Motors' sales figures for June 2024 show mixed results across different vehicle categories. While there is notable growth in ILMCV Trucks and Passenger Carriers, declines in HCV Trucks and SCV cargo pickups indicate challenges in certain segments.
The increase in CV IB sales reflects positive international performance. Overall, Tata Motors needs to focus on stabilizing sales across all segments to sustain growth in a competitive market.