Tata Motors’ car sales is currently on an upward trend
Tata Motors’ car sales grew by 50 percent in December 2021, resulting in the brand overtaking Hyundai in the passenger vehicle segment to claim second position (in terms of overall volumes).
By selling 35,300 units last month, versus Hyundai’s 32,312 units, Tata Motors not only recorded its highest ever monthly sales figure, but its all-time high quarterly sales figure in nearly a decade.
The overwhelming market response to Tata Punch launched in October 2021 is further boosting demand for the company’s “New Forever” range of cars and SUVs
Shailesh Chandra, President, Passenger Vehicles Business Unit, Tata Motors
While Tata car sales grew by 50 percent in December 2021, Hyundai saw its sales dip by 32 percent during the same period. Thus, the second position which had long been held by Hyundai was grabbed by Tata.
Tata’s bet on going big with SUVs and EVs is clearly working. The company leads the electric passenger vehicle segment in India by a large margin and demand for the brand’s Nexon EV and Tigor EV is only getting higher.
Further, the car manufacturer will, on 19th January, 2022, launch CNG versions of its Tiago hatchback and Tigor compact sedan to tap into the growing CNG passenger vehicle segment currently led by Maruti Suzuki.
The company notes that the impact of the newer variant of COVID-19 is to be observed carefully, along with the semiconductor shortage. However, Tata is cautiously optimistic about its fortunes in 2022.
