September 29, 2022

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Tata Motors overtakes Hyundai to grab number two position in December 2021, Auto News, ET Auto

 Tata Motors dispatched about 35300 units in December 2021 against 32312 units despatched by South Korean carmaker Hyundai Motor India. During the quarter of October to December, Tata Motors despatched close to 99000 vehicles and ended 2021 with sales of 3.31 lakh units.
Tata Motors dispatched about 35300 models in December 2021 from 32312 models despatched by South Korean carmaker Hyundai Motor India. In the course of the quarter of October to December, Tata Motors despatched close to 99000 motor vehicles and finished 2021 with revenue of 3.31 lakh models.

Tata Motors, the maker of Nexon SUV, has overtaken Hyundai Motor India to grow to be the 2nd-major vendor of passenger motor vehicles in the domestic current market for the first time in close to a decade in December 2021.

The business also gained the difference of submitting its greatest-at any time month-to-month revenue in December 2021, greatest at any time quarterly revenue in October to December of 2021 and the greatest once-a-year revenue considering the fact that its inception in 2021.

Tata Motors dispatched about 35300 models in December 2021 from 32312 models despatched by South Korean carmaker Hyundai Motor India. In the course of the quarter of October to December, Tata Motors despatched close to 99000 motor vehicles and finished 2021 with revenue of 3.31 lakh models.

Regardless of witnessing a shortfall in production due to the ongoing semiconductor crisis, Shailesh Chandra, President, Passenger Motor vehicles Business enterprise Unit, Tata Motors Ltd., stated the company’s passenger automobile company set quite a few new milestones for the duration of the quarter.

“Decade large quarterly and month-to-month revenue- ninety nine,002 models in Q3 FY22 (expansion of forty four% vs Q3 FY21) and 35,299 models in Dec ’21 (expansion of 50% vs Dec’ twenty) were recorded. In addition, the business also posted calendar calendar year revenue of 3,31,178 models (CY21), the greatest at any time considering the fact that the inception of the PV Business enterprise. The too much to handle current market response to Tata Punch launched in Oct ’21 is even more boosting demand for the company’s “New Without end” vary of autos and SUVs,” extra Chandra.

Though Hyundai Motor India was insulated for most of 2021 from the semiconductor scarcity, the business was pressured to correct production and even observe ‘no production days’ due to a scarcity of elements more than the very last number of months.

Examining the December 2021 revenue, Tarun Garg, director of revenue and promoting at Hyundai Motor India, stated that HMI experienced managed issues to guarantee clean deliveries of their favorite Hyundai autos regardless of critical element provide constraints its consumers.

“HMI has registered a healthier expansion of 19.two % in CY 2021 in the domestic current market more than very last year’s revenue overall performance. We will proceed to travel consumer delight with the introduction of sensible mobility remedies pegged on the tenets of Intelligent Technology, Innovation and Sustainability,” extra Garg.

Tata Motors also posted its report electrical automobile revenue at 2255 models, taking the quarterly revenue to a peak of 5,592 models consequently, EV penetration touched 5.six% of PV Profits for the duration of the quarter versus 1.eight% in the identical interval very last economic calendar year.

The business claimed EV revenue also touched 10,000 models in 9MFY22 and crossed the two,000 month-to-month revenue landmark for the first time in Dec ’21.

“The at any time-raising demand for Nexon EV and Tigor EV, as nicely as the progressive revival of the EV fleet phase, were instrumental in driving this steep expansion. Going ahead, semiconductor supplies will remain the critical supply of uncertainty. On top of that, the effect of the new strain of Covid desires to be intently tracked. We will proceed to work on a company agility prepare and just take proactive actions to mitigate these dangers,” cautioned Chandra.

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Both corporations are also wanting at techniques to take care of the semiconductor scarcity in a better way subsequent calendar year so that the effect on the production is nominal.