Tata Motors registered total sales of 2,43,024 units in Q2
Tata Motors Limited sales in the domestic & international market for Q2 FY 2023-24 stood at 2,43,024 vehicles, compared to 2,43,387 units during Q2 FY 2022-23.
Domestic Sales Performance:
| Category | Sep’23 | Sep’22 | %Change | Q2 FY24 | Q2 FY23 | % Change |
|---|---|---|---|---|---|---|
| Total Domestic Sales | 82,023 | 80,633 | 2% | 2,37,128 | 2,36,090 | 0% |
Commercial Vehicles:
| Category | Sep’23 | Sep’22 | % Change | Q2 FY24 | Q2 FY23 | % Change |
|---|---|---|---|---|---|---|
| HCV Trucks | 12,867 | 8,889 | 45% | 30,369 | 24,227 | 25% |
| ILMCV Trucks | 6,377 | 6,238 | 2% | 16,483 | 16,730 | -1% |
| Passenger Carriers | 3,344 | 2,287 | 46% | 10,622 | 8,040 | 32% |
| SCV cargo and pickup | 14,626 | 15,565 | -6% | 41,704 | 44,768 | -7% |
| Total CV Domestic | 37,214 | 32,979 | 13% | 99,178 | 93,765 | 6% |
| CV IB | 1,850 | 1,911 | -3% | 4,907 | 6,771 | -28% |
| Total CV | 39,064 | 34,890 | 12% | 1,04,085 | 1,00,536 | 4% |
MH&ICV including trucks and buses: Domestic sales of MH&ICV in Sep 2023, was 18,577 units vs 14,062 units in Sep 2022; In Q2 FY24 it was 45,174 units, compared to 38,143 units in Q2 FY23. Domestic & International sales for MH&ICV in Sep 2023, was 19,199 units vs 4,736 units in Sep 2022; while in Q2 FY24 it stood at 46,845 units, vs 40,556 units in Q2 FY23.
Mr. Girish Wagh, Executive Director, Tata Motors Ltd. said, “Tata Motors Commercial Vehicles domestic sales stood at 99,178 in Q2 FY24, 6% higher than Q2 FY23. Our upgraded BS6 phase II product range continues to see good traction as our customers experience benefits of lower total cost of ownership, efficient powertrains, and enhanced value-additions. M&HCV segment saw a strong growth of 24% over Q2 of FY23, fuelled by continued government infrastructure push, robust replacement demand, and growth in core sectors, along with sustained growth from the e-commerce sector. We have scaled up our electric bus manufacturing to service orders won from various STUs under CESL’s Grand Challenge. Looking ahead, continuing infrastructure thrust by the Government and improving consumption auger well for the CV industry, while rural demand remains to be a key monitorable, as monsoon has been below average.”
Passenger Vehicles:
| Category | Sep’23 | Sep’22 | %Change | Q2 FY24 | Q2FY23 | % Change |
|---|---|---|---|---|---|---|
| Total PV Domestic (includes EV) | 44,809 | 47,654 | -6% | 1,37,950 | 1,42,325 | -2.7% |
| PV IB | 508 | 210 | 142% | 989 | 526 | 88% |
| Total PV (includes EV) | 45,317 | 47,864 | -5% | 1,38,939 | 1,42,851 | -3% |
| EV (IB+Domestic) | 6,050 | 3,864 | 57% | 18,615 | 12,041 | 55% |
Includes sales of Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited
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