Tata Motors has reported exceptional sales performance for October, marking significant growth and setting new records in various segments across both passenger and commercial vehicles. The company's strong showing during the festive season underscores its robust position in the Indian automotive market.

Passenger Vehicle Sales Highlights

Commercial Vehicle Sales Highlights

Tata Motors registered total sales of 37,530 commercial vehicle units in October, compared to 34,259 units in the same month of the previous year, marking a 10% year-over-year growth.

Key Achievements

• Record-Breaking Wholesales: For the second consecutive month, Tata Motors achieved its highest-ever monthly wholesales of 61,295 units in passenger vehicles.
• SUV Dominance: SUVs led the passenger vehicle sales chart with over 47,000 units sold, capturing a 77% share of monthly sales.
• EV Sales Surge: Electric vehicle sales reached an all-time high of 9,286 units, representing a 73.40% year-on-year increase.
• Festive Season Success: The company delivered over 100,000 passenger vehicles between Navratri and Diwali, marking a 33% year-on-year growth during the festive period.
• Commercial Vehicle Growth: The domestic sales of medium and heavy commercial vehicles reached 16,624 units versus 15,574 units in the previous year.

Model-Specific Performance

• Nexon: The popular model experienced exceptional growth, with a 50% year-on-year increase in volume.
• Harrier and Safari: These models reached new heights with 7,000 units sold, driven by the excitement around the Adventure X variant and strong traction for the Harrier EV.
• Commercial Vehicles: Combined domestic and international sales for medium and heavy commercial vehicles totaled 17,827 units compared to 16,274 units in the same period last year.

Market Reception

The company reported that monthly bookings for passenger vehicles hit an all-time peak, reflecting strong customer preference for Tata's diverse range of models and powertrain options. This surge in demand has led to record-breaking monthly registrations, indicating robust retail performance.

Tata Motors' success can be attributed to its expanding portfolio, particularly in the SUV and EV segments for passenger vehicles, as well as its strong presence in the commercial vehicle market. The company's strategy of offering multiple powertrain options across its range seems to be resonating well with Indian consumers, as evidenced by the strong performance of models like the Nexon.

The significant growth in EV sales also highlights the increasing adoption of electric vehicles in the Indian market, with Tata Motors positioned as a key player in this transition.

Corporate Update

The company's name was changed to Tata Motors Limited effective October 29, following a composite scheme of arrangements sanctioned by the National Company Law Tribunal. The equity shares will be listed on the Bombay Stock Exchange and National Stock Exchange of India Limited, with the listing process currently underway.

As the automotive industry continues to evolve, Tata Motors' performance demonstrates its ability to adapt to changing consumer preferences and market trends, setting a strong foundation for future growth in both the Indian passenger and commercial vehicle markets.

In a significant development for the electric vehicle (EV) market in India, Tata Motors has been ordered by a consumer court to refund a customer over mileage claims for its Nexon EV model. This ruling highlights the growing scrutiny of EV performance claims and consumer rights in the rapidly evolving automotive sector.

Consumer Court Ruling

The District Consumer Disputes Redressal Commission in Jhansi has ruled in favor of customer Deepak Kumar against Tata Motors regarding alleged false mileage claims for the Nexon EV. The court's decision includes the following key points:

• Refund Amount: Rs 17.49 lakh
• Interest Rate: 7% per annum
• Additional Penalty: Rs 15,000

Case Details

The discrepancy between the claimed and actual range of the vehicle formed the basis of the consumer complaint. This case underscores the importance of accurate product information in the EV market, where range anxiety remains a significant concern for potential buyers.

Implications for Tata Motors

This ruling comes at a time when Tata Motors is undergoing significant corporate restructuring. According to recent LODR (Listing Obligations and Disclosure Requirements) data, the company has been involved in a name change process as part of a broader corporate reorganization:

• TML Commercial Vehicles Limited has changed its name to Tata Motors Limited
• The former Tata Motors Limited is now known as Tata Motors Passenger Vehicles Limited

While these corporate actions are not directly related to the consumer court ruling, they highlight the dynamic nature of Tata Motors' business operations and the challenges the company faces in managing its diverse portfolio, including its growing EV segment.

Conclusion

The consumer court's decision against Tata Motors regarding the Nexon EV's mileage claims serves as a reminder of the importance of transparent and accurate product information in the automotive industry, particularly in the emerging EV market. As electric vehicles continue to gain popularity in India, manufacturers may face increased scrutiny over performance claims, potentially influencing future marketing strategies and consumer trust in the EV sector.