Tata Motors reports 19% decline in sales
October 02, 2024
|The Daily Guardian
Tata Motors Limited reported a 19 per cent year-on-year (YoY) decline in sales for its commercial vehicle (CV) segment, while passenger vehicle (PV) sales saw a 6 per cent YoY decrease for the second quarter of FY 2024-25.
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The company reported total sales of 2,15,034 vehicles, reflecting a 12 per cent decline compared to 2,43,024 units sold during the same period last year. The drop in sales was attributed to underperformance in both the commercial vehicle and passenger vehicle segments.
In the domestic market, Tata Motors registered 69,694 units sold in September 2024, down by 15 per cent from September 2023.
For Q2 FY25, the company's total domestic sales stood at 2,09,861 units, an 11 per cent decline from the 2,37,128 units sold in Q2 FY24.
The company's commercial vehicle segment experienced a challenging quarter, with total CV sales dropped to 84,281 units in Q2 FY25, compared to 1,04,085 units in the same period last year.
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