Auto Sales March 2025: Tata Motors Reports 3% YoY Drop in PV Sales, EVs Take a 13% Hit

Tata Motors experienced a mixed performance in the financial year 2024-2025 (FY25). The company faced challenges across various segments, including passenger vehicles (PV), commercial vehicles (CV), and electric vehicles (EV). In FY25, Tata Motors reported total PV sales of 553,585 units, marking a 3 per cent decline from the previous year's 570,955 units.

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In March 2025, the company sold a total of 90,500 units in the domestic market, down from 90,822 units (including ICE + EVs) sold in the same period last year, a decrease of 0.35 per cent, while the total number of CVs sold in March 2025 was 41,122 units, compared to 42,262 units sold in March 2024, a downward tick of 2.7 per cent. As far as the passenger vehicle segment is concerned, the company managed to retail 50,297 units in March 2025, compared to 51,872 units, down by 3.13 per cent.

This downturn was influenced by intensified competition and a slowdown in overall market demand. Notably, the company's electric vehicle sales decreased by 13 per cent, with 64,276 units sold compared to 73,833 units in FY24. This decline is attributed to increased competition in the EV market and evolving consumer preferences.

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The CV segment also faced headwinds. In Q4 FY25, domestic CV sales stood at 99,764 units, a 5 per cent decrease from 104,922 units in the same quarter of the previous year. The overall domestic sales for FY25 were 358,570 units, down 5 per cent from 378,060 units in FY24. Factors contributing to this decline include reduced fleet utilisation and cautious spending in key industries. 

Despite the sales downturn, Tata Motors achieved a consolidated net profit of ₹5,578 crore in Q3 FY25, representing a 22.5 per cent year-on-year decline from ₹7,415 crore in Q3 FY24. However, this figure indicates a significant sequential improvement of 62 per cent compared to Q2 FY25, suggesting some recovery amidst ongoing challenges.