London, 01 July, 2023, (Oilandgaspress) Tata Motors Limited sales in the domestic & international market for Q1 FY 2023-24 stood at 226,245 vehicles, compared to 231,248 units during Q1 FY 2022-23.
Domestic Sales Performance:
| Category | June’23 | June’22 | %Change | Q1 FY24 | Q1 FY23 | % Change |
|---|---|---|---|---|---|---|
| Total Domestic Sales | 80,383 | 79,606 | 1% | 2,22,345 | 2,25,828 | -2% |
Commercial Vehicles:
| Category | June’23 | June’22 | % Change | Q1 FY24 | Q1 FY23 | % Change |
|---|---|---|---|---|---|---|
| HCV Trucks | 9625 | 8058 | 19% | 24769 | 22826 | 9% |
| ILMCV Trucks | 4723 | 5851 | -19% | 10321 | 16998 | -39% |
| Passenger Carriers | 4810 | 3868 | 24% | 10745 | 9637 | 11% |
| SCV cargo and pickup | 13990 | 16632 | -16% | 36390 | 46242 | -21% |
| Total CV Domestic | 33148 | 34409 | -4% | 82225 | 95703 | -14% |
| CV IB | 1166 | 2856 | -59% | 3570 | 5218 | -32% |
| Total CV | 34314 | 37265 | -8% | 85795 | 100921 | -15% |
Domestic sale of MH&ICV in June 2023, including trucks and buses, stood at 13,980 units compared to 13,366 units in June 2022; while in Q1 FY24 it stood at 34,256 units, compared to 37,491 units in Q1 FY23.
Total sales for MH&ICV Domestic & International Business in June 2023, including trucks and buses, stood at 14,323 units compared to 14,362 units in June 2022; while in Q1 FY24 it stood at 35,645 units, compared to 39,696 units in Q1 FY23.
Mr. Girish Wagh, Executive Director, Tata Motors Ltd. said, “Tata Motors Commercial Vehicles domestic sales at 82,225 in Q1 FY24 were 14.1% lower than Q1 FY23 sales while for the month of June ’23, they were 20.2% higher than the vehicle sales registered in May ’23. We successfully upgraded the entire vehicle portfolio during BS6 Phase 2 transition, beyond the mandatory requirements, to offer more features, value-adds and benefits to customers. M&HCV growth was driven by the strong infrastructure push by the Government, as well as increased activity in e-commerce, construction, and replacement demand in auto logistics and petroleum sector. During the quarter, we started deliveries of Electric Buses, in accordance with the CESL tender mandate and expect to ramp up supplies in the coming months. Looking ahead, the promising monsoon and continuing infrastructure thrust by the Government auger well for the CV industry, even as it faces the headwinds of high interest rates, fuel prices and inflation.”
Passenger Vehicles:
| Category | June’23 | June’22 | %Change | Q1 FY24 | Q1FY23 | % Change |
|---|---|---|---|---|---|---|
| Total PV Domestic (includes EV) | 47,235 | 45,197 | 5% | 1,40,120 | 1,30,125 | 8% |
| PV IB | 124 | 108 | 15% | 330 | 202 | 63% |
| Total PV (includes EV) | 47,359 | 45,305 | 5% | 1,40,450 | 1,30,327 | 8% |
| EV (IB+Domestic) | 7025 | 3608 | 95% | 19,346 | 9,446 | 105% |
Includes sales of Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited, both subsidiaries of Tata Motors Limited.
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