In the electric vehicle (EV) segment, Tata Motors sold 4,680 units in September, marking a significant drop from 6,050 units in the same month last year.

Tata Motors shares drop 2.92% on NSE after significant decline in domestic and international sales for Q2 FY25.

Tata Motors has seen a hefty 15% drop in its total domestic sales for September, compared to the same time last year. The company sold 69,694 units this month, which is a big drop from the 82,023 units sold in September last year. This decline is mainly due to slow consumer demand and seasonal factors affecting the auto industry.

Mahindra & Mahindra achieved this milestone following a robust sales performance in September 2024, marking a 24 per cent increase in sales

Tata Motors sold nearly 4,000 fewer cars in September 2024 as compared to the year-ago period, indicating an inventory build-up at the dealership level.

Tata Motors said EV sales numbers have seen a fall due to lapse of registration and road tax waivers in key states. Also, the fleet of EV sales is down due to lapse of FAME II and non-inclusion of the fleet segment in the PM-eDRIVE scheme,

Tata Motors Ltd on Tuesday reported 15 per cent decline in total domestic sales at 69,694 units in September as compared to 82,023 units in the year-ago month.