Tata Motors Reports 11% Decline in July Sales

Tata Motors experienced an 11% year-on-year sales decline in July, with total sales dropping to 71,996 units compared to 80,633 units in July 2023. Domestic sales also fell 11%, and passenger vehicle sales saw a 6% dip. Commercial vehicle sales decreased by 18%.

Tata Motors has announced an 11% decline in total sales for July, with figures dropping to 71,996 units from 80,633 units in the same month last year. The company's domestic sales also fell by 11%, settling at 70,161 units compared to 78,844 in July 2023, according to a statement released on Thursday.

In the passenger vehicle segment, which includes electric vehicles, domestic sales declined by 6%, reaching 44,954 units from 47,689 units year-on-year. The decline is attributed to various market conditions and consumer behavior changes impacting overall demand.

Commercial vehicle sales experienced a significant drop of 18%, with figures down to 27,042 units as opposed to 32,944 units the previous year. The company is analyzing the market to understand the underlying factors affecting these sales numbers.

(With inputs from agencies.)