Tata’s PV sales rose 21 percent year-over-year, with both fossil fuel automobiles and electric vehicles seeing strong growth
Tata Motors has announced its wholesale numbers for September 2021 and the manufacturer has achieved strong growth in the Indian auto market. The company shipped a total of 25,730 cars last month, representing a 21 percent year-over-year (YoY) increase in sales compared to 21,199 units sold in September 2020.
Cars with combustion engines continued to be the biggest sales driver with 24,652 units sold in September 2021. In the same month last year, the manufacturer had sold a total of 20,891 units (of fossil fuel cars), an 18 percent year-over-year increase in sales last month. EV sales were also impressive: the manufacturer recorded its highest monthly EV sales to date with 1,078 units.
In September 2020, the company had sold a total of 308 electric cars in India, bringing the brand’s electric sales up a massive 250 percent in the past month. Overall, Tata again took third place in the PV sales table behind Maruti Suzuki and Hyundai.
Mr. Shailesh Chandra, President of the Passenger Cars Division, Tata Motors Ltd. called, “Tata Motors’ PV business had nearly a decade of high quarterly sales of 83,933 units, and posted strong growth of 53% from Q2FY21. This growth is due to the recovery in industry demand after the second wave of Covid and a strong response to the “New Forever” line of cars and SUVs. “
“Electric vehicle sales grew almost threefold with the rise in acceptance and popularity of the Nexon EV and Tigor EV. Looking ahead, the demand for cars and SUVs is expected to remain strong during the upcoming Christmas season; however, the supply situation for electronic components can continue to experience challenging times, “he continued.In addition, Tata Motors will shortly launch a micro-SUV called Punch on the Indian market. Tata Punch is expected to be a strong seller for the brand and is likely to help automakers break new sales records post-launch. The micro-SUV is due to be presented in India on October 4th.