Tata Motors Reports Mixed July Sales: Overall Decline, but EVs and Commercial Vehicles Show Growth
Tata Motors' July sales totaled 69,131 units, a 4% year-on-year decline but exceeding analyst expectations. Commercial vehicle sales grew 7% to 28,956 units, with strong performance in medium and heavy commercial vehicles. Passenger vehicle sales declined 11% to 40,175 units. However, the company achieved record-breaking electric vehicle sales of 7,124 units, a 42% increase. Domestic sales decreased 6% to 65,953 units, while international business showed significant growth, particularly in commercial vehicles (57% increase) and passenger vehicles (186% increase).

*this image is generated using AI for illustrative purposes only.
Tata Motors , one of India's leading automotive manufacturers, has released its sales figures for July, revealing a mixed performance across its various segments. The company reported total sales of 69,131 units, marking a 4% decline compared to the 71,996 units sold in July of the previous year. Despite the overall dip, the figures surpassed analyst expectations of 68,100 units for the month.
Segment-wise Performance
Commercial Vehicles
Tata Motors' commercial vehicle (CV) segment showed resilience, posting a 7% year-on-year growth:
Category | July | Previous July | Growth (Y-o-Y) |
---|---|---|---|
HCV Trucks | 6,735 | 6,493 | 4% |
ILMCV Trucks | 5,068 | 4,341 | 17% |
Passenger Carriers | 4,749 | 4,424 | 7% |
SCV cargo and pickup | 9,880 | 10,178 | -3% |
CV Domestic | 26,432 | 25,436 | 4% |
CV IB | 2,524 | 1,606 | 57% |
Total CV | 28,956 | 27,042 | 7% |
The Medium & Heavy Commercial Vehicles (M&HCV) segment, including trucks and buses, saw domestic sales of 12,387 units, up from 11,174 units in the previous July. Total M&HCV sales, including international business, reached 13,669 units compared to 11,886 units in the previous year.
Passenger Vehicles
The passenger vehicle (PV) segment faced challenges, with an overall decline of 11% year-on-year:
Category | July | Previous July | Growth (Y-o-Y) |
---|---|---|---|
Total PV Domestic (includes EV) | 39,521 | 44,725 | -12% |
PV IB | 654 | 229 | 186% |
Total PV (includes EV) | 40,175 | 44,954 | -11% |
EV (IB + Domestic) | 7,124 | 5,027 | 42% |
Electric Vehicle Milestone
Despite the overall decline in the passenger vehicle segment, Tata Motors achieved a significant milestone in its electric vehicle (EV) sales. The company recorded its highest-ever monthly EV sales, with 7,124 units sold in July, representing a robust 42% growth compared to the same period last year. This achievement underscores Tata Motors' commitment to its zero-emission journey and the growing demand for electric vehicles in the market.
Domestic Market Performance
In the domestic market, Tata Motors' total sales stood at 65,953 units, down 6% from 70,161 units in the previous July. This decline was primarily driven by the passenger vehicle segment, which saw a 12% decrease in domestic sales.
International Business
Tata Motors' international business showed strong growth, particularly in the commercial vehicle segment, which saw a 57% increase year-on-year. The passenger vehicle international business also experienced significant growth, with sales jumping from 229 units in the previous July to 654 units this July, marking a 186% increase.
While Tata Motors faces challenges in its overall sales performance, the company's strong showing in the commercial vehicle segment and the record-breaking performance in EV sales demonstrate its resilience and adaptability in a dynamic automotive market. The company's focus on electric vehicles appears to be paying off, positioning it well for the ongoing transition to sustainable mobility solutions.
Historical Stock Returns for Tata Motors
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.76% | -4.26% | -5.12% | -7.99% | -35.68% | +486.63% |