In this October 2024 Tata car sales analysis, we’ll look at the car sales of Tata for the previous month. We’ll also compare the YoY and MoM change to find out which Tata cars’ sales improved and which ones declined. To support the trends, we’ll also provide our opinions where applicable. Lastly, the table with monthly sales for the last 6 months will give you an idea about the 6-month sales trend of all Tata cars.
Continued Downfall
Here’s a funny coincidence. Tata Motors have dropped 25% since the day MG announced the Windsor.
Tata Motors Share Price In Freefall (Recorded: Nov 20, 2024)
After generating multi-fold wealth for their shareholders, rising from around Rs. 70 per share in Covid and shooting up to 1170 a few months ago, Tata Motors seem to be in a continued downward spiral. Their share price has fallen 35% from the peak with no apparent bounce pads. That’s about a 17x jump from Covid bottom to their peak.
It’s unclear if MG, along with Jindal and their Indian shareholders, have a role to play in this or if the share was long overdue for a correction after a continued rally. Or perhaps something is cooking within Tata, which we don’t know yet and the share price is factoring in the same.
On the surface, Tata Motors seem to be doing just fine. But the Tata Motors share price we see is not just about their mass-market passenger car business. The share price also includes their business from JLR and commercial side. Both of these are big contributors towards Tata’s topline and bottomline.
What do you think is the reason behind this continued weakness? Let us know in the comment section.
October 2024 — Tata Car Sales Figures – YoY Change
The following table presents the YoY change for all Tata cars in October 2024:
Rank
Model
Segment
Oct 2024
Oct 2023
Change
%Change
1
Punch
B1
15,740
15,317
423
2.76%
2
Nexon
B2
14,759
16,887
-2,128
-12.6%
3
Curvv
C1
5,351
–
–
–
4
Tiago
B1
4,682
5,356
-674
-12.58%
5
Altroz
B2
2,642
5,984
-3,342
-55.85%
6
Safari
D1
2,086
1,340
746
55.67%
7
Harrier
C2
1,947
1,896
51
2.69%
8
Tigor
B2
926
1,563
-637
-40.75%
October 2024 — Tata Car Sales Figures – MoM Change
The following table presents the month-over-month (MOM) sales data of Tata models for October 2024 compared to September 2024, including the change in units sold, percentage change and trends:
Rank
Model
Segment
Oct 2024
Sep 2024
Change
%Change
1
Punch
B1
15,740
13,711
2,029
14.8%
2
Nexon
B2
14,759
11,470
3,289
28.67%
3
Curvv
C1
5,351
4,763
588
12.35%
4
Tiago
B1
4,682
4,225
457
10.82%
5
Altroz
B2
2,642
2,758
-116
-4.21%
6
Safari
D1
2,086
1,644
442
26.89%
7
Harrier
C2
1,947
1,600
347
21.69%
8
Tigor
B2
926
894
32
3.58%
Performance-Based Insights
Top 3 Performers (October 2024 Sales)
-
Punch (15,740)
-
Nexon (14,759)
-
Curvv (5,357): Tata Motors are off to a great start with the Curvv. Pricing it surprisingly well from day 1 and offering all of the features to match the segment standards, packaged in a fresh design seems to be working in Tata’s favour. While Tata were one of the first movers in the Punch and Nexon segments, the Curvv entered a highly competitive and crowded space. So, it will naturally have to struggle to gain any market share. But an average of 5k sales in the last 2 months means they are off to a great start. The Curvv has the potential to hit and sustain a 5-figure monthly production number. Unless Tata get too greedy too soon and hike the prices to match or exceed segment standards.
Gainers (YoY % Change)
Here are the top 3 YoY gainers of October 2024 in the Tata portfolio:
-
Safari (+55.67%)
-
Punch (+2.76%)
-
Harrier (+2.69%)
Top 3 Losers (YoY % Change)
Here’s a look at the top 3 YoY losers in October 2024 in the Tata portfolio:
-
Altroz (-55.85%)
-
Tigor (-40.75%)
-
Nexon (-12.60%)
-
Tiago (-12.58%)
A big YoY drop in Altroz despite the addition of Racer means it’s one of two things:
-
Customers really want SUVs and don’t want hatchbacks even if they are well priced and quite competitive.
-
Tata had to make room for the Curvv in their production line. So, the production drop may be temporary.
Gainers (MoM % Change)
-
Nexon (+28.67%)
-
Safari (+26.89%)
-
Harrier (+21.69%)
Top 3 Losers (MoM % Change)
-
Altroz (-4.21%)
Body-Type Based
Tata SUVs continue to gain YoY while the hatchbacks and sedan continue to lose YoY.
Tata — 6-Month Sales Trend (May 2024 – Oct 2024)
Model
May 2024
Jun 2024
Jul 2024
Aug 2024
Sep 2024
Oct 2024
6M Avg
Punch
18,949
18,238
16,121
15,643
13,711
15,740
16,400
Nexon
11,457
12,066
13,902
12,289
11,470
14,759
12,657
Tiago
5,927
5,174
5,665
4,733
4,225
4,682
5,068
Altroz
4,983
3,937
3,444
3,031
2,758
2,642
3,466
Curvv
–
–
–
3,455
4,763
5,351
2,262
Safari
1,661
1,394
2,109
1,951
1,644
2,086
1,808
Harrier
1,625
1,347
1,991
1,892
1,600
1,947
1,734
Tigor
2,098
1,371
1,495
1,148
894
926
1,322
Disclaimer: This post was written by our guest author (V3Cars). Any views expressed in this article are those of the author and do not necessarily represent those of Autopunditz.com. The data presented in this article is the property of Autopunditz.com.
Also Read: Tata Sales Sep 2024 | YoY, MoM, 6-Month Trend Analysis
