June 17, 2024

Tata Motors surpasses Hyundai to take over as the second-largest automaker.

17th October 2022 | TITN Team

In December 2021, Tata Motors will overtake Hyundai to take second place among Indian automakers in terms of sales. Last month, domestic automobile sales by major domestic automakers reached 35,300 units, while Hyundai sold 32,312 vehicles within the same time frame.

The Indian market’s demand for Tata Motors’ SUV Nexon is the company’s main source of sales. For Tata Motors, December’s sales were the greatest monthly total ever. The third quarter of FY2022 saw Tata Motors sell 99,002 vehicles, the company’s greatest quarterly sales total in ten years.

“Despite experiencing a shortfall in production as a result of the ongoing semiconductor crisis, Tata Motors PV business growth path continued and reached numerous new milestones throughout the quarter. The “New Forever” line of vehicles and SUVs from the corporation are seeing increased demand thanks to the overwhelmingly positive market response to Tata Punch, which was introduced in October 2021 “According to Shailesh Chandra, President of Tata Motors’ PVBU.