Tata Motors Limited sales in the domestic & international market forQ4FY 2023-24 stood at2,65,090 vehicles, compared to 2,51,822units during Q4FY 2022-23. Domestic sales of MH&ICV in March 2024, was 19,976 units vs 22,437 units in March 2023; In Q4 FY24 it was 50,643 units, compared to 54,435 units in Q4 FY23.Domestic & International sales for MH&ICV in March 2024, was 20,551 units vs 23,074 units in March 2023; while in Q4 FY24 it stood at 52,186 units, vs 56,059 units in Q4 FY23.
Q4FY24 domestic sale stood at 1,04,922 unit, were slightly lower than Q4FY23 sales of 1,12,145, which were higher due to increased pre-buy due to the BS6 Phase II transition. The M&HCV segment experienced a slight contraction of 6% compared to Q4FY23, driven by government infrastructure initiatives, core industry expansion, and e-commerce growth. Passenger Commercial Vehicles experienced a 38% increase post-pandemic, while small and light commercial vehicle sales decreased by 10% due to financing constraints.
Tata Motors Passenger Vehicles (TMPVs) recorded its third consecutive year of highest sales in FY24, with wholesale sales of 5,73,495 units up 6% compared to FY23. Retail sales grew around 10%. The company’s unique multi-powertrain strategy contributed nearly 29% of overall sales, with vehicles powered by CNG and EV contributing nearly 29%. Tata.ev products saw a strong 48% growth in sales, with preference for EVs growing across both personal and fleet segments. Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd. said, “Customers’ rising preference for safe and green vehicles should result in doubledigit growth for sale of cars with emission-friendly powertrains supported by new launches and a stronger value proposition – emission-friendly, lower total cost of ownership and equipped with smarter features.”
