Tata Motors shares fall 2% as October sales remain flat YoY
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Shares of Tata Motors today fell by 2.2% to an intraday low of Rs 825 on the BSE after the company reported a muted growth in its monthly auto sales on a yearly basis at 80,839 units. The company reported total sales of 82,682 units in October 2024, nearly unchanged from the 82,954 units sold in October 2023. The commercial vehicle (CV) sales were reported at 34,259 units while the passenger vehicle (PV) sales of 48,423 units were reported by the company, both showing no year-on-year growth. While the domestic sales performance remained steady, the commercial vehicles showed mixed results, with HCV trucks down by 2% and passenger carriers up 13%. The ILMCV segment grew 9%, but SCV cargo and pickup saw a decline of 3%, and CV IB fell by 15%. Total domestic MH&ICV sales, including trucks and buses, rose to 15,574 units, compared to 15,211 units last year. In October 2024, Tata Motors' total passenger vehicle (PV) sales, including el...