01 Oct 2024
A decline in Domestic Commercial Vehicle Sales by 23% for Tata Motors
Tata Motors revealed its sales figures for September 2024, showing a significant decline in commercial vehicle sales. The total sales decreased by 23.00%, with 30,032 units sold in September 2024 compared to 39,064 units in September 2023.
However, the brand's passenger carriers showed a smaller decline in the past month, with a 7.00% decrease, making them the least affected category.
Tata Motors, a leading Indian commercial vehicle manufacturer, disclosed that its domestic commercial vehicle sales fell by 23.00%. In September 2023, 37,214 commercial vehicles were sold, but the number dropped to 28,631 units in September 2024.
Overall, commercial vehicle sales decreased by 23.00%, from 39,064 units in September 2023 to 30,032 units in September 2024.
Category-wise Tata Motors Truck Sales Report for September 2024
Here, we have the total sales report for September 2024, which includes all the classifications.
Tata Motors Truck Sales Report, September 2024
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HCV Category (Heavy Commercial Vehicle):
Tata Motors' HCV (Heavy Commercial Vehicles) category saw a 28% loss in September 2024 sales. The brand sold 9,295 units last month, compared to 12,867 units in September 2023.
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ILMCV Category (Intermediate, Light & Medium Commercial Vehicles):
The sales of Tata Motors' ILMCV (Intermediate, Light & Medium Commercial Vehicles) segment recorded a 16.00% decrease in September 2024. The brand had 5,387 sales units in September 2024, compared to 6,377 in September 2023.
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Passenger Carriers (PC) Category:
The brand's Passenger Carrier section experienced a 7.00% decline. Tata Motors sold 3,101 passenger carrier units in September 2024, compared to 3,344 in September 2023.
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SCV Cargo and Pickup:
Tata Motors has a strong market presence in the small commercial vehicle cargo and pickup segment. However, the brand experienced a 26.00% sales decline in September 2024. In September 2023, the brand sold 14,626 units of SCV and Pickup, which decreased to 10,848 units in September 2024.
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CV Exports:
The brand's export sales also fell by 24.00% in September 2024. Tata Motors sold 1,401 units of CV in September 2024, compared to 1,850 units in September 2023.
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