Tata Motors Domestic Sales Down 15% At 69,694 Units In September 2024 

Tata Motors Domestic Sales In September 2024: Tata Motors Ltd on Tuesday reported 15 p.c lower in general residential gross sales at 69,694 units in September as contrasted to 82,023 units within the year-ago month. Total traveler vehicle (PV) gross sales within the residential market, consisting {of electrical} vehicles, stood at 41,063 units final month as versus 44,809 units in September 2023, down 8 p.c, Tata Motors claimed in a declaration.

“The PV industry in Q2 FY25 saw more than 5 per cent decline in retails (Vahan registrations) compared to Q2 FY24 driven by slow consumer demand and seasonal factors. In contrast, industry offtake was significantly higher than registrations in anticipation of a strong start to the festive season, resulting in a continued buildup of channel stock,” Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Managing Director, Shailesh Chandra claimed.

Total enterprise vehicle (CURRICULUM VITAE) gross sales within the residential market stood at 28,631 units in September as versus 37,214 within the year-ago month, down 23 p.c.

Tata Motors Ltd Executive Director Girish Wagh claimed that within the 2nd quarter of FY25, residential curriculum vitae gross sales went to 79,931 units, down 19 p.c from Q2 FY24 gross sales. .
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“Tata Motors Commercial Vehicles domestic sales at 79,931 units in Q2 FY25 were 19% lower than Q2 FY24 sales. Sales in September 2024 were 11% higher compared to August 2024,” he claimed.

Slowdown in services job implementation, lower in mining process and a complete lower in fleet train on account of hefty rainfalls impacted want, he included. .
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He claimed, “As we progress, with the rainfalls relieving, enhanced facilities investing, and the arrival of the cheery period increasing usage, we expect need to grab slowly in Q3, led by ILMCV and Buses, adhered to by M&HCV and SCVPU.”