Tata Motors June 2024 Sales Revealed - FY25 Q1 Records 1.6% YoY Growth

Tata Motors has just announced the sales figures for Q1 of the financial year 2024-25 along with its monthly sales performance for the month of June 2024. The automaker’s total sales numbers for the quarter were 229,891 units, which was a 1.6% increase from last year’s sales of 226,245 units. Tata Motors’ domestic sales for the period stood at 225,719 units, as compared to 222,345 units from the same period last year. However, Tata Motors sales in June 2024 saw an 8% fall from last year.

Tata Motors Sales Performance: Q1 FY25

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Tata Motors Commercial Vehicle Sales

The total sales number for commercial vehicles stood at 91,209 units, which indicated a 6% YoY growth. The sales numbers of June 2024, however, fell by 7% from 34,314 units last year.

Tata Cars June 2024 Sales

Tata Motors car sales for the first quarter of this year accounted for 140,450 units, which was one per cent less than that of last year. Tata also saw an 8% decline in June 2024 sales, bringing down the number from 47,359 units to 43,624 units.

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Tata EV Sales

Tata Motors EV sales fell by a huge margin. The quarterly decline was by 14%, from 19,346 units in FY2024 to 16,579 units in FY2025. Furthermore, there was also a massive 34% decline in Tata sales in June 2024, with the Indian carmaker selling just 4,657 units of its electric vehicles.

Commenting on the latest sales figures, Mr Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd. said, “In Q1 FY25, after a boost in demand in the first half of April, due to festivities in some parts of country, the Passenger Vehicle industry saw a decline in retails (registrations) in the months of May and June, influenced by the general elections and heat waves across the country. Tata Motors wholesales of 138,682 cars and SUVs in Q1 FY25 remained flat compared to Q1 FY24, as we readjusted our wholesales in line with retails to keep channel inventory under control.”

He further added, “The Electric Vehicle industry was affected by the broader industry trend and the impact of significant preponement fleet sales in Q4FY24, due to expiry of FAME II subsidy in March 2024. Consequently, while the personal segment retails have grown slightly, there was a sharp decline witnessed in the fleet segment, which is expected to recover in the coming quarters. Going forward, we foresee recovery of demand, as enquiries have remained strong despite low retails in the past two months. This strong enquiry pipeline, in addition to onset of festive season in August, augurs well for the industry. Tata Motors is fully geared up to leverage this growth opportunity on the back of strong demand for its SUV portfolio, especially Punch and Nexon, as well as new launches in the coming months.”

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