see imagesTata Motors home gross sales stood at 35,300 models in December 2021
Tata Motors has overtaken Hyundai Motor India to turn out to be the second best-selling carmaker in India in December 2021. The home automobile gross sales of the Indian auto large stood at 35,300 models final month, whereas Hyundai offered 32,312 models throughout the identical interval. The robust volumes are fueled by popular-selling merchandise from Tata Motors, which helped the carmaker register its highest-ever month-to-month gross sales in December. In reality, the corporate offered 99,002 models throughout Q3 FY2022, the very best quarterly gross sales quantity in a decade. Lastly, Tata offered 3.31 lakh models within the 2021 calendar yr, the very best ever annual gross sales for the automaker.
Read additionally: Skoda sees 47% progress in December, studies triple-digit progress in 2021
Sales have elevated regardless of manufacturing constraints and challenges amid semiconductor chip shortages. With regard to year-on-year progress, Tata’s gross sales grew by 50 per cent in December 2021 as in comparison with 23,545 models offered in December 2020. Sales additionally grew by 44 per cent year-on-year within the third quarter of FY22. ,
Tata Motors nonetheless ranks second with Maruti Suzuki main by an enormous margin with gross sales of 1.53 lakh models in December 2021
Speaking concerning the robust gross sales figures, Shailesh Chandra, President, PVBU, Tata Motors stated, “Tata Motors PV enterprise progress journey continued and regardless of manufacturing crunch because of the ongoing semiconductor disaster, many new milestones have been achieved in the course of the quarter. Huge market The response to the Tata Punch, launched in October 2021, is fueling the demand for the corporate’s “New Forever” vary of vehicles and SUVs.
Tata’s electrical automobiles additionally obtained a powerful response as gross sales of the Nexon picked up, whereas the corporate additionally launched the Tigor EV final yr. The firm offered 2,215 models in December 2021 and registered a progress of 439 per cent as towards 418 models offered in December 2020. The firm offered a complete of 5,592 EVs in Q3 FY22 as towards 1,256 models in Q3 FY21, a rise of 345 per cent. ,
Read additionally: Mahindra Auto sees 11% progress in December 2021
Tata’s EV gross sales up 439% in December as a result of spurt in new merchandise and fleet gross sales
Speaking on EV gross sales, Chandra stated, “EV penetration touched 5.6 per cent versus 1.8 per cent of PV sales during the quarter in the same period last fiscal. EV sales also touched 10,000 units in 9MFY22 and 2,000 Monthly sales crossed the landmark. For the first time in December 2021. Progressive revival of EV fleet segment along with ever-increasing demand for Nexon EV and Tigor EV were instrumental in driving this rapid growth.”
In the industrial automobile section, Tata Motors has proven indicators of restoration as nearly all of the segments posted optimistic numbers. Domestic CV gross sales grew by 4 per cent to 31,008 models in December 2021, whereas exports stood at 3,143, a progress of 5 per cent throughout the identical interval. Domestic gross sales grew 10 per cent to 90,529 models in Q3 FY22, whereas exports registered a greater variety of 9,541 models in the course of the quarter, displaying a progress of 33 per cent.
Tata Motors CV gross sales displaying indicators of enchancment as exports outperform home gross sales
Girish Wagh, Executive Director, Tata Motors stated, “Retail was 15 per cent forward of wholesale in December’21, enabling stock alignment. The SCV and ILCV segments proceed to profit from the expansion in e-commerce and its rising want. Last mile distribution. The rising actions in sectors like mining, petroleum-oil-lubricants and allied industries together with manufacturing and infrastructure spending by the central and state governments facilitated the demand for M&HCVs. Expect positions to stay liquid as shortages proceed, Covid cases start to rise and underlying demand stays below stress. We are carefully monitoring the evolving state of affairs and proceed to construct our agile, multi-faceted technique to fulfill buyer orders. Accelerating the method.”
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However, semiconductor shortages stay difficult for the auto business at giant. Speaking concerning the challenges forward, Chandra cautioned, “Going forward, semiconductor supply will continue to be a major source of uncertainty. Additionally, the impact of the new strain of COVID needs to be closely tracked. Will continue to work on business agility. Plan and take proactive action to reduce these risks.”
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With inputs from NDTV
