Tata Motors Sales Report October 2024: Domestic Commercial Vehicle Sales Grew by 1%

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Updated On: 04-Nov-2024 06:17 AM

Discover the latest sales insights from Tata Motors Limited! October 2024 sales: CV Domestic sales were 32,708 units.

Key Highlights:

Total sales reached 80,839 units, nearly unchanged from 80,825 units last year.
Domestic commercial vehicle sales were 32,708 units, a 1% increase from 32,488 units.
Heavy Commercial Vehicle sales fell by 2%, totaling 10,024 units.
Intermediate and Light Commercial Vehicle sales grew by 9%, reaching 5,836 units.
International commercial vehicle sales dropped by 15%, with 1,551 units sold.

Tata Motors reported total domestic sales of 80,839 units in October 2024, a slight increase from 80,825 units in October 2023, reflecting no significant change year-over-year.

Tata Motors released its sales report for October 2024. Here are the key highlights:

Category	October 2024	October 2023	Growth (Y-o-Y)
HCV Trucks	10,024	10,204	-2%
ILMCV Trucks	5,836	5,351	9%
Passenger Carriers	2,835	2,514	13%
SCV cargo and pickup	14,013	14,419	-3%
CV Domestic	32,708	32,488	1%
CV IB	1,551	1,829	-15%
Total CV	34,259	34,317	0%

HCV Trucks: Sold 10,024 units, down from 10,204 units in October 2023. There is a 2% decrease in YOY sales.

ILMCV Trucks: Sold 5,836 units in October 2024, up from 5,351 units last year. This shows a growth of 9%.

Passenger Carriers: Sold 2,835 units, an increase from 2,514 units in October 2023, which is a growth of 13%.

SCV Cargo and Pickup: Sold 14,013 units, a decrease from 14,419 units last year, showing a decline of 3%.

Total CV Domestic Sales: Reached 32,708 units, slightly up from 32,488 units in October 2023, reflecting a growth of 1%.

CV International Business: Sold 1,551 units in October 2024, down from 1,829 units last year. This is a decrease of 15%.

Total CV Sales: Reached 34,259 units, compared to 34,317 units in October 2023, showing no significant change.

The domestic sales of Medium and Heavy Commercial Vehicles (MH&ICV) in October 2024 were 15,574 units, which is an increase from 15,211 units in October 2023.

Total sales for MH&ICV, including both domestic and international business, were 16,274 units in October 2024, compared to 16,048 units in October 2023.

Also Read: Tata Motors Sales Report August 2024: Total commercial vehicle sales declined 15%

CMV360 Says

Tata Motors' October 2024 sales report reveals mixed results. While domestic sales are stable, the decline in heavy commercial vehicle and international sales is concerning. The growth in light commercial vehicles is positive, but challenges remain. Moving forward, Tata Motors should focus on innovation and customer needs to stay competitive.