Tata Motors has reported its production, domestic sales, and exports data for the October-December 2024 quarter. The figures reveal a mixed performance across various vehicle categories, with some segments seeing a decline in year-on-year (YoY) metrics.
Key Highlights (October-December 2024):
Passenger Vehicles (PV):
- Compact Cars (Tiago, Tigor, Altroz):
- Production: 22,584 units (YoY decline from 34,865 units).
- Domestic Sales: 24,446 units (YoY decline from 36,025 units).
- Exports: 231 units (YoY increase from 556 units).
- Utility Vehicles (Nexon, Punch):
- Production: 86,021 units (YoY decline from 89,530 units).
- Domestic Sales: 89,870 units (YoY decline from 90,574 units).
- Exports: 160 units (YoY increase from 24 units).
Commercial Vehicles (CV):
- Small Commercial Vehicles (ACE and others):
- Production: 21,802 units (YoY decline from 27,205 units).
- Domestic Sales: 23,881 units (YoY decline from 24,012 units).
- Exports: 636 units (YoY decline from 812 units).
- M&HCV Tippers (N3 B1 series):
- Domestic Sales: 19,979 units (YoY decline from 20,280 units).
Export Performance:
- Exports saw declines in several vehicle categories, including commercial vehicles, reflecting challenges in global demand.
Analysis:
Tata Motors experienced a slowdown in both production and domestic sales for the quarter. Compact cars and utility vehicles, key drivers for the company, reported significant YoY declines. Exports, while improving in some categories, faced challenges in others. The company’s commercial vehicle segment also witnessed a decline in key product lines.
