Tata Motors Reports Jump In Electric Vehicle Sales In Q3

Tata Motors Reports Jump In Electric Vehicle Sales In Q3

Indian automobile maker Tata Motors announced a significant increase in Electric Vehicle (EV) sales for December and the third quarter of FY25. In its latest filing before the exchanges, the company shared details of its performance, highlighting notable year-on-year and quarterly growth.

December EV Sales See an 11% YoY Growth

The company reported total EV sales of 5,562 units in December 2024-25, compared to 5,006 units sold during December 2023-24. This reflects an 11% year-on-year (YoY) growth in sales for the month.

Quarterly Performance: 6% Growth in Q3 FY25

On a quarterly basis, Tata Motors witnessed a rise in EV sales. Total sales for Q3 FY25 reached 16,119 units, up from 15,232 units in Q3 FY24, marking a 6% increase. These sales figures include both domestic and international markets.

The company added that its Q3 FY25 performance in the domestic personal segment showed 19% growth, although fleet volumes declined due to the expiry of the FAME II subsidy.

Industry and Tata Motors’ Outlook

Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd., commented on the overall performance of the PV industry, stating:

“The PV industry posted moderate growth in CY24 and is expected to touch a sales volume of 4.3 million units, with strong growth in the SUV segment and sustained traction for emission-friendly powertrains. In Q3 FY25, the industry saw a strong revival, driven by increased retails in the festive season.”

He further highlighted Tata Motors’ record-breaking achievements:

“For Tata Motors, CY24 was the fourth consecutive year of highest-ever annual sales with 565,000 units sold. We registered strong growth in our SUV portfolio with successful product introductions built on our proven multipowertrain strategy. CNG volumes grew a substantial 77% with over 120,000 CNG vehicles sold in CY24. SUV volumes grew a robust 19%, with Punch selling over 200,000 units to emerge as the highest selling car model in India in CY24.”

Summary

Tata Motors’ performance in the EV and broader passenger vehicle segments demonstrates its continued leadership in the Indian automotive market. While domestic sales have shown robust growth, challenges like the expiry of subsidies have impacted fleet volumes. Nevertheless, the company remains optimistic about its multi-powertrain strategy and sustained market demand