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Informist, Friday, Nov. 1, 2024

 

--Tata Motors: Oct total sales 82,682 units vs 82,954 year ago 

--Tata Motors: Oct domestic CV sales 32,708 units vs 32,488 year ago 

--Tata Motors: Oct total domestic PV sales 48,131 units vs 48,337 year ago 

--Tata Motors: Oct total exports 1,843 units vs 2,129 year ago 

 

MUMBAI – Tata Motors Ltd.'s total vehicle sales, including commercial and passenger vehicles, in October were 82,682 units, flat from last year, as a marginal increase in domestic despatches was offset by lower exports. During the month, the automaker sold a total of 80,839 units in India, against 80,825 units in the year-ago period. However, its exports declined 13% on year to 1,843 units.

 

In October, the Tata Group company sold a total of 48,423 passenger vehicles, against 48,637 units in the year-ago period. In India, it sold 48,131 units, compared to 48,337 units year ago. In comparison, its exports fell 3% on year to 292 units. In the electric passenger vehicle segment, the company recorded sales of 5,355 units during the month, down 2% on year.

 

In the passenger vehicle category, some of the company's peers reported better sales on a year-on-year basis. Hyundai Motor India Ltd.'s domestic sales were up 1% on year in October, and Mahindra & Mahindra Ltd.'s sales surged 25% on year. In comparison, domestic sales of Maruti Suzuki India Ltd. fell 5% on year in October.

 

In the commercial vehicle category, Tata Motors sold a total of 34,259 units in October, compared to 34,317 units in the year-ago period. The company's domestic sales rose 1% on year to 32,708 units, but exports fell 15% on year to 1,551 units. In October, despatches of heavy trucks fell by 2% on year to 10,024 units and those of small commercial vehicles fell 3% on year to 14,013 units. Slightly over 70% of Tata Motors' commercial vehicle sales come from these two segments. In comparison, sales of passenger carriers grew 13% on year to 2,835 units, and despatches of intermediate, light and medium trucks rose 9% on year to 5,836 units. 

 

On Thursday, shares of Tata Motors ended at INR 834.05 on the National Stock Exchange, down 0.7% from the previous close.  End

 

Reported by Darshan Nakhwa 

Edited by Ashish Shirke

 

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