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Tata Motors overtakes Hyundai to seize the quantity two place in PV gross sales in December 2021

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Tata Motors, the maker of Nexon SUV, has overtaken Hyundai Motor India to grow to be the second-largest vendor of passenger autos within the home marketplace for the primary time in near a decade in December 2021.

The corporate additionally earned the excellence of posting its highest-ever month-to-month gross sales in December 2021, highest ever quarterly gross sales in October to December of 2021 and the best annual gross sales since its inception in 2021.

dispatched about 35300 items in December 2021 towards 32312 items despatched by South Korean carmaker Hyundai Motor India. Throughout the quarter of October to December, Tata Motors despatched near 99000 autos and ended 2021 with gross sales of three.31 lakh items.

Regardless of witnessing a shortfall in manufacturing because of the ongoing semiconductor disaster, Shailesh Chandra, President, Passenger Autos Enterprise Unit, Tata Motors Ltd., mentioned the corporate’s passenger automobile enterprise set a number of new milestones through the quarter.

“Decade excessive quarterly and month-to-month sales- 99,002 items in Q3 FY22 (development of 44% vs Q3 FY21) and 35,299 items in Dec ’21 (development of fifty% vs Dec’ 20) had been recorded. As well as, the corporate additionally posted calendar 12 months gross sales of three,31,178 items (CY21), the best ever for the reason that inception of the PV Enterprise. The overwhelming market response to Tata Punch launched in Oct ’21 is additional boosting demand for the corporate’s “New Ceaselessly” vary of automobiles and SUVs,” added Chandra.

Whereas Hyundai Motor India was insulated for many of 2021 from the semiconductor scarcity, the corporate was pressured to appropriate manufacturing and even observe ‘no manufacturing days’ as a result of a scarcity of elements over the previous couple of months.

Reviewing the December 2021 gross sales, Tarun Garg, director of gross sales and advertising and marketing at Hyundai Motor India, mentioned that HMI had managed challenges to make sure clean deliveries of their favorite Hyundai automobiles regardless of key element provide constraints its clients.

“HMI has registered a wholesome development of 19.2 % in CY 2021 within the home market over final 12 months’s gross sales efficiency. We’ll proceed to drive buyer delight with the introduction of good mobility options pegged on the tenets of Clever Expertise, Innovation and Sustainability,” added Garg.

Tata Motors additionally posted its document electrical automobile gross sales at 2255 items, taking the quarterly gross sales to a peak of 5,592 items; consequently, EV penetration touched 5.6% of PV Gross sales through the quarter versus 1.8% in the identical interval final monetary 12 months.

The corporate claimed EV gross sales additionally touched 10,000 items in 9MFY22 and crossed the two,000 month-to-month gross sales landmark for the primary time in Dec ’21.

“The ever-increasing demand for Nexon EV and Tigor EV, in addition to the progressive revival of the EV fleet phase, had been instrumental in driving this steep development. Going ahead, semiconductor provides will stay the important thing supply of uncertainty. Moreover, the affect of the brand new pressure of Covid must be carefully tracked. We’ll proceed to work on a enterprise agility plan and take proactive actions to mitigate these dangers,” cautioned Chandra.

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