Tata Motors Reports Q1 FY25 Sales of 229,891 Vehicles

Tata Motors Limited has announced its sales figures for the first quarter of FY 2024-25, totaling 229,891 vehicles across domestic and international markets. This marks a slight increase from 226,245 units sold in the same period last year.

Sales Breakdown:

Domestic Sales Highlights:

In the domestic market, Tata Motors sold 225,719 vehicles during Q1 FY25, compared to 222,345 units in Q1 FY24, reflecting a 2% growth.

Passenger Vehicles (PV):

Tata Motors Limited has released its sales figures for the first quarter of the financial year 2024-25, revealing that the company sold a total of 138,682 passenger vehicles globally. This represents a marginal decline of 1% compared to the same period last year.

In Q1 FY25, Tata Motors sold a total of 16,579 Electric Vehicles (EVs) globally, marking a 14% decline from the previous year. This reduction is attributed to changes in government subsidies and broader market conditions, including significant fleet sales in Q4 FY24 due to the expiration of the FAME II subsidy in March 2024. Despite the slight growth in the personal segment, the fleet segment witnessed a notable decline, with expectations for a recovery in subsequent quarters as market conditions stabilize and demand strengthens.

Executive Insights:

Mr. Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd., commented on the performance, noting a fluctuating demand influenced by seasonal factors and political events. He expressed confidence in a recovery, driven by strong consumer interest and upcoming festive season sales.

Future Prospects:

Looking forward, Tata Motors anticipates a rebound in passenger vehicle sales, buoyed by a robust pipeline of customer inquiries and the onset of the festive season from August onwards. The company remains committed to leveraging this growth opportunity with strategic product launches and market initiatives.