EV Tata’s share of total sales is growing even as the company closes May on a strong note.
Tata Motors on Wednesday announced that 43,341 units of cars had been sold in the country in May. This is a decrease of 185% compared to 15,181 units sold in May 2021, when the second wave of the Covid-19 pandemic again affected India’s overall automotive sales figures. While Tata Motors ’overall sales figures for the past month are quite impressive, it’s also worth nothing, it’s that this figure includes 3,454 units of electric vehicles sold, which is the highest figure for the entire month.
Currently, Tata Motors offers three fully electric models in the country, and the list includes the Nexon EV, Tigor EV and the recently released Nexon EV Max. In addition, the company recently also joined the fight against LNG by releasing Tigor CNG and Tiago CNG. In addition, there are some popular models only with gasoline and diesel, such as Punch, Safari, Harrier and Nexon. Tata Motors claims that Nexon – the non-electric version – actually found more participants in one month in May than ever before, although the company has not shared exact figures.
Thus, although Tata Motors ’ICE (internal combustion engine) portfolio remains reliable and has several relatively new products, it is interesting that EVs also increase their share of total sales.
Tata Motors also sold more commercial vehicles last month – 32,818 than in May 2021 – 11,401. This increases sales by 188 percent. In total, the company sold 74,755 units last month against 24,552 units in May 2021.
As with most manufacturers in the country and around the world, the road ahead still faces many challenges. The shortage of semiconductors remains a concern, and supply chain disruptions, as well as concerns about high input prices, are gray areas. But the Indian automotive industry still takes into account the fact that in the passenger car segment there is a strong bank of orders for popular brands, and overall demand remains positive.
Date of first publication: June 1, 2022, 1:15 p.m. IST