Posted On : 02 December, 2024
Tata Motors has announced its sales performance for November 2024, reflecting a marginal decline in overall commercial vehicle sales. The total sales stood at 27,636 units in November 2024, compared to 28,029 units in November 2023, marking a 1% year-on-year (Y-O-Y) decrease.
The brand's passenger carrier segment showed impressive growth, emerging as the top performer with a significant 42% increase compared to the previous year.
Tata Motors, a leading Indian commercial vehicle manufacturer, reported a slight decline in domestic sales, with the total domestic CV sales at 26,183 units in November 2024, compared to 26,579 units in November 2023, registering a 1% dip. The export sales remained stable with a 0% change, recording 1,453 units sold in both November 2024 and November 2023.
Overall, the commercial vehicle sales performance declined slightly by 1% Y-O-Y.
Below is the detailed sales performance report for November 2024, categorized by the vehicle types.
Tata Motors' HCV segment witnessed an 8% decline in November 2024. The brand sold 7,586 units last month compared to 8,253 units in November 2023.
The ILMCV segment sales remained flat with no growth or decline recorded. Tata Motors sold 4,374 units in November 2024, mirroring the sales from November 2023.
The passenger carrier segment continued to shine, achieving a remarkable 42% growth. Tata Motors sold 3,022 units in November 2024 compared to 2,130 units in November 2023, cementing its position as the best-performing category.
In the Small Commercial Vehicle Cargo and Pickup segment, Tata Motors experienced a slight decline of 5% in sales. The company sold 11,201 units in November 2024, down from 11,811 units in November 2023.
The export sales remained consistent with no year-on-year growth or decline. Tata Motors sold 1,453 CV units in November 2024, the same as November 2023.
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