TATA MOTORS REPORTS MUTED VOLUME PRINTS FOR AUGUST 2024
News: Tata Motors total sales volume for the month was down by 8.1% YoY to 71,693 units, with total CV sales down by 15.2% YoY to 27,207 units. PV sales were also down by 3.2% YoY to 44,486 units.
Views: Double digit CV volume decline came as a negative surprise with company witnessing decline across the truck segment amid growth in the buses space. EV volumes witnessed a recovery in the PV space and reported a healthy MoM increase of 18.1% at 5,935 units. We expect the volume prints to improve at Tata Motors going forward with YTD volume growth still in the negative territory (down 3% YoY).
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