TATA Motors Cars registered total sales of 86,125 units in January 2024
- Total PV Sales of 54,033 units, 12% YoY
- Total CV Sales of 32,092 units, -2% YoY
TATA Motors Cars Limited sales in the domestic & international market for January 2024 stood at 86,125 vehicles, compared to 81,069 units during January 2023.
Domestic Sales Performance:
| Category | January 2024 | January 2023 | %Change (Y-o-Y) |
|---|---|---|---|
| Total Domestic Sales | 84,276 | 79,681 | 6% |
Commercial Vehicles:
| Category | January 2024 | January 2023 | Growth Y-o-Y |
|---|---|---|---|
| HCV Trucks | 8,906 | 9,994 | -11% |
| ILMCV Trucks | 4,743 | 4,755 | 0% |
| Passenger Carriers | 3,872 | 2,851 | 36% |
| SCV cargo and pickup | 13,122 | 14,094 | -7% |
| CV Domestic | 30,643 | 31,694 | -3% |
| CV IB | 1,449 | 1,086 | 33% |
| Total CV | 32,092 | 32,780 | -2% |
Domestic sale of MH&ICV in January 2024, including trucks and buses, stood at 14,440 units, compared to 14,716 units in January 2023.
Total sales for MH&ICV Domestic & International Business in January 2024, including trucks and buses, stood at 14,972 units compared to 15,057 units in January 2023.
Passenger Vehicles:
| Category | January 2024 | January 2023 | Growth Y-o-Y |
|---|---|---|---|
| Total PV Domestic (includes EV) | 53,633 | 47,987 | 12% |
| PV IB | 400 | 302 | 32% |
| Total PV (includes EV) | 54,033 | 48,289 | 12% |
| EV (IB+Domestic) | 6,979 | 4,133 | 69% |
Includes sales of Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited, both subsidiaries of Tata Motors Limited.
November auto sales see spurt in sales, Tata Motors post marginal decline
Tata Motors
Tata Motors on December 1 reported a 1.73 percent decline in overall global sales at 74,172 units in November 2023 compared to 75,478 units in the same month last year. The domestic carmaker’s total domestic sales were at 72,647 units last month compared to 73,467 units in November 2022, down 1 per cent, Tata Motors said in a regulatory filing.
Its overall sales of passenger vehicles (PV), including electric vehicles (EV) were at 46,143 units as against 46,425 units in the year-ago month, down 1 per cent, it added. In the domestic market, PV sales, including EVs were marginally higher at 46,068 units last month as compared to 46,037 units in November 2022.
Hyundai Motor India
Hyundai Motor India said its total sales increased by 3 per cent year-on-year to 65,801 units in November. The automaker had sold 64,003 units to dealers in November 2022. The company’s domestic wholesales rose to 49,451 units, up 3 per cent from 48,002 units in the year-ago period, Hyundai Motor India said in a statement. Exports rose to 16,350 units last month from 16,001 units in November 2022.
VECV – Eicher Motors and Volvo JV
Eicher Motors Ltd on Friday said its arm VE Commercial Vehicles Ltd posted 5.9 per cent rise in total sales at 5,194 units in November 2023 compared to the same month last year. VE Commercial Vehicles (VECV), a joint venture of the Volvo Group and Eicher Motors, had sold 4,903 units in November 2022, Eicher Motors said in a regulatory filing.
The November 2023 sales included 4,989 units of the Eicher brand and 205 units of the Volvo brand, it added. In the domestic commercial vehicles market, Eicher branded trucks and buses recorded sales of 4,686 units last month compared to 4,483 units in November 2022.
Mahindra & Mahindra
Mahindra & Mahindra’s total wholesales increased by 21 per cent year-on-year to 70,576 units in November. The Mumbai-based automaker had dispatched 58,303 units in November 2022. Utility vehicle dispatches stood at 39,981 units last month, an increase of 32 per cent over 30,238 units in the year-ago period, the company said in a statement.
Exports, however, declined 42 per cent last month to 1,816 units compared to 3,122 units in November 2022.
TVS Motor
TVS Motor Company on Friday reported a 31 per cent rise in total dispatches to 3,64,231 units in November 2023. The company had sold a total of 2,77,123 units in November 2022, TVS Motor Company said in a statement.
Two-wheelers sales were at 3,52,103 units in November 2023 as compared to 2,63,642 units in the same month last year, up 34 per cent, it added. Domestic two-wheeler sales grew by 50 per cent to 2,87,017 units in November 2023 as against 1,91,730 units in November 2022.
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Conclusion:
TATA Motors Cars experienced a mixed performance in January 2024, with total sales reaching 86,125 units, marking a significant improvement compared to January 2023. The Passenger Vehicle (PV) segment demonstrated notable growth, with a 12% year-on-year increase, totaling 54,033 units. This growth was primarily driven by strong domestic sales, including electric vehicles, indicating a positive response from consumers.
The Commercial Vehicle (CV) segment faced challenges, witnessing a 2% year-on-year decline, with total CV sales reaching 32,092 units. Within the CV category, HCV Trucks experienced a notable 11% decline, while other segments such as SCV cargo and pickup also saw decreases.
In contrast to Tata Motors, other players in the Indian automotive industry, such as Hyundai Motor India, Mahindra & Mahindra, and TVS Motor, reported varying degrees of growth in sales during November 2023. These contrasting performances across the industry underline the competitive landscape and the need for Tata Motors to continuously adapt and innovate to maintain its market position.
Overall, Tata Motors’ performance in January 2024 reflects a balanced outcome, with notable growth in the PV segment offsetting challenges in the CV segment. The company’s focus on innovation, sustainability, and responding to evolving consumer preferences positions it well for future growth and competitiveness in the Indian automotive market.
