Tata Motors Passenger Vehicle Sales in November 2024: YoY Growth but MoM decline

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Tata Motors reported 47,117 passenger vehicle sales in November 2024, including 5,202 EVs. Domestic sales grew 2.16% YoY, while exports declined 28%.

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By Mohit Kumar

65.33k

Dec 02, 2024 06:20 am IST

Published On

Dec 02, 2024 06:19 am IST

Last Updated On

Dec 02, 2024 06:20 am IST

Tata Motors showed only a marginal YoY growth of 2.11% in November 2024 in the passenger vehicle segment. If we talk about numbers of domestic sales it stood at 47,063 units and they have exported only 54 units. But in terms of MoM sales the Tata lagged a little bit and the sales declined by 2.22% in November, 2024 from the last month.

Category	Nov’24	Nov’23	YoY Change	Oct’24	MoM Change
Domestic Sales	47,063	46,068	+2.16%	48,131	-2.22%
Exports	54	75	-28.00%	-	-
Total PV Sales	47,117	46,143	+2.11%	-	-
EV Sales	5,202	4,761	+9.26%	-	-

Electric Vehicles (EVs)

A major contributor to Tata's Passenger Vehicle section is still the EV lineup. Compared to 4,761 units sold in November 2023, total EV sales for November 2024 totaled 5,202 units, a 9.26% YoY increase. This increase demonstrates the growing demand for Tata's electric vehicles, such as the Nexon EV and the newly released Curvv EV.

Exports

Exports in the PV segment saw a sharp 28% YoY decline, with only 54 units shipped in November 2024, down from 75 units in November 2023. The decline underscores the challenges in global markets for Tata's passenger vehicles.

Upcoming Plans

In the future, Tata Motors is preparing to introduce updated models of the Tiago and Tigor in early 2025. Additionally, both ICE and EV versions of the highly anticipated 2025 Tata Sierra will be available for purchase. In light of the Curvv's favorable market reception, Tata also intends to launch other variations.