Tata Motors total domestic sales down 15% at 69,694 units in Sep

Tata Motors Ltd on Tuesday reported a 15 percent decline in total domestic sales at 69,694 units in September as compared to 82,023 units in the year-ago month.

Total passenger vehicle (PV) sales in the domestic market, including electric vehicles, stood at 41,063 units last month as against 44,809 units in September 2023, down 8 percent, Tata Motors said in a statement.

"The PV industry in Q2 FY25 saw more than 5 percent decline in retails (Vahan registrations) compared to Q2 FY24 driven by slow consumer demand and seasonal factors. In contrast, industry offtake was significantly higher than registrations in anticipation of a strong start to the festive season, resulting in a continued buildup of channel stock," Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Managing Director, Shailesh Chandra said.

Total commercial vehicle (CV) sales in the domestic market stood at 28,631 units in September as against 37,214 in the year-ago month, down 23 percent.

Tata Motors Ltd Executive Director Girish Wagh said that in the second quarter of FY25, domestic CV sales were at 79,931 units, down 19 percent from Q2 FY24 sales.

The slowdown in infrastructure project execution, reduction in mining activity and an overall drop in fleet utilisation due to heavy rains affected demand, he added.