In May 2022, Tata Motors grew to become India’s second-largest carmaker, overtaking the legacy Number Two, Hyundai India. Tata Motors offered 43,341 vehicles, beating Hyundai India’s 42,293 unit gross sales.
However, Maruti Suzuki India, at 124,474 models, offered greater than Tata and Hyundai put collectively.
It’s the second time that the home-grown carmaker has crushed the Korean big. In December 2021, Tata Motors had offered 35,299 models, overtaking Hyundai’s 32,312 models. But from January to April 2022, Hyundai reclaimed its place — a spot it has been sitting in for about 15 years.
“The demand for our ‘New Forever’ range continues to be strong. The same has reflected in our May 2022 sales, where we have recorded our highest-ever monthly sales of 43,341 units since the inception of the passenger vehicle business, reporting a growth of 185% over the same period last year,” Shailesh Chandra, managing director, Tata Motors Passenger Vehicles, and Tata Passenger Electric Mobility, informed FE. “Furthermore, all our products are leaders in their respective segments, forming a portfolio that is rich in selections, ranging from smart trim choices to strong powertrain options, making us the only OEM catering to customer needs across petrol, diesel, CNG and electric.”
In May 2022, of the 43,341 vehicles offered, 3,454 had been electrical vehicles — the highest-ever in a month for Tata Motors.
While most carmakers have been coping with the semiconductor scarcity difficulty with various levels of success, Chandra stated Tata Motors is monitoring the state of affairs carefully and discovering revolutionary options with its suppliers to de-bottleneck manufacturing capacities. “These actions have helped us on an ongoing basis and have not let the shortage impact the supply side to a large extent,” he stated.
In addition to highest-ever EV gross sales in a month, Tata Motors additionally clocked highest-ever month-to-month gross sales of the Nexon SUV (14,614 models), and highest-ever month-to-month gross sales within the excessive SUV section, with over 5,000 models of the Harrier and the Safari offered, mixed.
Auto analysts FE talked to are of the opinion that Hyundai India will get its legacy place again quickly.
“The demand for SUVs is rising and Tata Motors has a great line-up in the Punch, the Nexon, the Harrier and the Safari. The Altroz premium hatchback is selling well, and the carmaker is getting additional volumes of 3,000-4,000 units just from its EV business, which others don’t have,” stated an analyst. “But with Hyundai launching the new Venue SUV on June 16, it will get back sales numbers. The Creta continues to enjoy good demand.”
Gaurav Vangaal, affiliate director, Light Vehicle Forecasting, S&P Global Mobility, informed FE that the brand new Venue will certainly entice a variety of consumers, and Hyundai’s most fashions have an enormous demand. “In May 2022, Hyundai Motor India’s manufacturing plant in Chennai was shut for the scheduled biannual maintenance and there was no production for six days (May 16-21). That reduced vehicle availability in the month, negatively impacting Hyundai’s May sales numbers,” he stated.
Maruti Suzuki, Vangaal added, is a protracted shot even for Tata Motors and Hyundai India put collectively to problem. “Maruti Suzuki has such a solid product pipeline that it can raise its market share this year,” he stated.
While Chandra didn’t touch upon whether or not or not Tata Motors will be capable to maintain onto its second-largest carmaker place, he stated it is going to stay an EV chief, by far. “We are not chasing numbers, but will remain an EV leader, by far. The power of the entire Tata Group is behind the EV strategy, and investors have shown confidence. As we launch our EVs in more cities, there will be more confidence amongst consumers, and the word of mouth will spread that EVs are easy to own, charge and run (for example, 96% of our existing EV users charge at home). This will lead to better demand,” he stated.
In January, Tata Motors launched the Tiago CNG and the Tigor CNG. These two fashions are additionally giving the carmaker incremental gross sales numbers.