Tata Motors surpasses Hyundai, becomes second biggest carmaker in India
New Delhi : Tata Motors has overtaken Hyundai in December to become the second most selling carmaker in India. The company sold 35,300 units of cars in the month, while Hyundai sold 32,312 cars in the same duration.
The biggest reason behind the increase in the sale figures of the car is mouth of word publicity over the build quality it is providing in its cars.
Tata Motors has sold 99,002 units during Q3 FY2022, the highest-ever quarterly sales numbers in a decade. Lastly, the company sold 3.31 lakh units in the 2021 calendar year, the highest-ever annual sales for the automaker.
The car industry is currently facing shortage of semi-conductors which has resulted in less number of production of vehicles.
Speaking about the strong sales figures, Shailesh Chandra, President, PVBU, Tata Motors was quoted by NDTV as saying, "Tata Motors PV business growth journey continued and set several new milestones during the quarter despite witnessing a shortfall in production due to the ongoing semiconductor crisis. 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."
Tata's electric vehicles also garnered a strong response as sales picked up for the Nexon while the company also introduce the Tigor EV last year. The company sold 2,255 units in December 2021 and registered a whopping 439 per cent growth against 418 units sold in December 2020. The company sold a total of 5,592 EVs in Q3 FY22, as against 1,256 units in Q3 FY21, a hike of 345 per cent.