Tata Motors Limited recorded total sales of 2,35,599 vehicles in domestic and international markets during Q3 FY25, reflecting a slight increase from 2,34,981 units in Q3 FY24. Domestic sales remained the primary driver, with international markets providing additional support to the overall growth.
Commercial Vehicles Performance Summary (Q3 FY25):
- Domestic Sales: 91,260 units, a slight 1% YoY decline but significant QoQ growth driven by festive demand and post-monsoon recovery in construction and mining.
- Segment Highlights:
- HCVs: 9% YoY decline but strong QoQ growth.
- ILMCV Trucks: 3% YoY growth due to rising logistics and construction demand.
- Passenger Carriers: 30% YoY growth, supported by State Transport Undertakings (STUs) and tourism.
- Small and Light CVs: 2% YoY decline, impacted by financing challenges for first-time buyers.
Girish Wagh, Executive Director, emphasized the sector’s resilience, with the Q3 performance recovering from a 19% YoY decline in Q2 FY25. He expects further growth in Q4 FY25, fueled by infrastructure investments and strong end-use demand.
Passenger Vehicles Performance Summary (Q3 FY25):
- Domestic Sales: 1,39,424 units (including EVs), a 1% YoY increase.
- Key Highlights:
- SUVs: 19% YoY growth, led by Tata Punch, India’s top-selling model in CY24 with over 200,000 units sold.
- CNG Vehicles: 77% surge, showcasing Tata’s commitment to alternative powertrains.
- EVs: 11% YoY growth (16,119 units); personal EV segment grew 19% YoY despite a decline in fleet sales due to FAME II subsidy expiry.
Shailesh Chandra, Managing Director, highlighted Tata’s record-breaking sales for the fourth consecutive year in CY24 (565,000 units) and expressed confidence in sustained growth for CY25 with upcoming launches like Curvv, Nexon CNG, and Nexon.ev 45.
Outlook:
Tata Motors remains optimistic, leveraging infrastructure development, multi-powertrain innovations, and a strong product portfolio to drive growth in both CV and PV segments, positioning itself for success in 2025.
