Tata Motors slips as total sales slide 8% YoY in Aug'24
Tata Motors declined 1.54% to Rs 1092.35 after the auto major's domestic and international vehicle sales declined 8.1% to 71,693 units in August 2024 as against 78,010 units sold in August 2023.
The companys total domestic sales for August 2024 stood at 70,006 vehicles, registering de-growth of 8.2% compared to 76,261 units in August 2023.
Total commercial vehicles sales slipped 15.18% to 27,207 units in August 2024 from 32,077 units reported in the same period last year.
Total sales for Medium and Heavy Intermediate Commercial Vehicles (MH & ICV) domestic & international business in August 2024, including trucks and buses, stood at 12,708 units, down 9.33% compared to 14,016 units in August 2023.
Domestic sale of MH&ICV slipped 11.09% year on year to 12,008 units sold in August 2024.
Also Read
 "Video streaming, streaming")
 "markets")
 "Flood, Agartala flood")
 "Jairam Ramesh, Jairam")
 "N Chandrababu Naidu, Chandrababu, Naidu")
Total passenger vehicles sales (including EV) declined 3.15% to 44,486 units in August 2024 from 45,933 units sold in the same period last year.
Tata Motors, part of the Tata group, is a global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses.
The companys consolidated net profit jumped 73.77% to Rs 5,566 crore on 5.68% rise in total revenue from operations to Rs 1,08,048 crore in Q1 FY25 over Q1 FY24.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Sep 02 2024 | 11:53 AM IST