Tata Motors Reports Flat March 2025 Sales, Remains Optimistic for FY26
Tata Motors reported flat domestic sales of 90,500 units in March 2025. Q4 FY25 saw total sales of 252,642 units, down from 265,090 in Q4 FY24. FY25 domestic sales declined 4% to 912,155 units. Commercial Vehicles segment outpaced industry growth in trucks and commercial passenger carriers. Passenger Vehicles segment sold 556,263 units in FY25, including 64,726 EVs. The company expects growth in FY26 driven by higher fleet utilization, potential rate cuts, lower crude oil prices, and infrastructure projects. Tata Motors aims to leverage market opportunities with its product portfolio and upcoming launches.

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Tata Motors , one of India's leading automotive manufacturers, has reported its sales figures for March 2025 and the fiscal year 2024-25, showcasing a mixed performance across its various segments. The company remains optimistic about growth prospects in the upcoming fiscal year despite facing challenges in the current period.
March 2025 Performance
Tata Motors' domestic sales in March 2025 remained relatively flat at 90,500 units, compared to 90,822 units in the same month last year. The passenger vehicle (PV) segment showed a modest growth of 3%, while the commercial vehicle (CV) segment experienced a slight decline of 3%.
Q4 and FY25 Sales Overview
For the fourth quarter of FY25, Tata Motors registered total sales of 252,642 units, marking a decrease from 265,090 units in Q4 FY24. The breakdown of sales performance for Q4 FY25 is as follows:
Segment | Q4 FY25 Sales | YoY Change |
---|---|---|
Passenger Vehicles | 146,999 | -6% |
Commercial Vehicles | 105,643 | -3% |
For the full fiscal year 2024-25, Tata Motors reported a 4% decline in total domestic sales, with 912,155 units sold compared to 949,015 units in FY24.
Segment-wise Performance
Commercial Vehicles
Mr. Girish Wagh, Executive Director of Tata Motors Ltd., commented on the CV segment's performance: "FY25 ended on a positive note for the Commercial Vehicles industry, post the YoY demand decline witnessed earlier. Tata Motors Commercial Vehicles navigated the headwinds effectively, to record wholesales of 376,903 units, outpacing industry growth in trucks and commercial passenger carriers."
Key highlights of the CV segment include:
- Medium & Heavy Commercial Vehicles (M&HCV) domestic sales in March 2025 reached 20,474 units, up from 19,976 units in March 2024.
- For Q4 FY25, M&HCV sales stood at 51,551 units, compared to 50,643 units in Q4 FY24.
- The company strengthened its market share in Vahan registrations.
Passenger Vehicles
Mr. Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd., provided insights on the PV segment:
- Total PV wholesales for FY25 reached 556,263 units, including 64,726 electric vehicles (EVs).
- Tata Motors led the industry in SUV growth and outpaced it in CNG sales, recording over 50% YoY growth.
- The Punch model emerged as India's No. 1 SUV in FY25 among private buyers.
Future Outlook
Despite the challenges faced in FY25, Tata Motors remains optimistic about growth prospects for FY26. The company anticipates sustained growth driven by several factors:
- Higher fleet utilization
- Financial support from potential rate cuts
- Lower crude oil prices
- Renewed focus on large-scale infrastructure projects
Mr. Wagh noted, "Looking ahead to FY26, we anticipate sustained growth despite global headwinds. Demand is expected to rise, driven by higher fleet utilization, financial support from rate cuts, lower crude oil prices, and a renewed focus on large-scale infrastructure projects."
For the passenger vehicle market, Mr. Chandra expects the industry to reach 4.3 million units in FY25, reflecting a modest 2% growth. He highlighted that SUVs, CNG vehicles, and EVs will remain key growth drivers for the industry.
Tata Motors is positioning itself to leverage these market opportunities with its expansive product portfolio, smart digital solutions, and upcoming new nameplate launches. The company's multi-powertrain strategy and focus on innovation align with evolving customer preferences, potentially supporting its growth trajectory in the coming fiscal year.
As the automotive industry continues to evolve, Tata Motors appears prepared to navigate the changing landscape, focusing on sustainable technologies and market-driven product offerings to maintain its competitive edge in the Indian automotive sector .
Historical Stock Returns for Tata Motors
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+0.89% | +4.45% | -5.98% | -30.29% | -36.01% | +708.78% |