Tata Motors: India’s Leading Automaker Sells Close to 5.25 Million Vehicles in Fiscal Year 2022-2023
Tata Motors, a leading automaker in India, has reported a significant increase in its sales. The company sold over 5.25 million passenger cars and commercial vehicles in the year ending December 2022. This marks a 59% growth from the 3.31 million units sold in the previous year.
Domestic Sales Surge
In April 2022, Tata Motors experienced a robust surge in domestic sales, selling 71,467 units, up by 81% year-over-year compared to the 41,729 units sold in April 2021. Similarly, the sales in May 2022 saw a remarkable increase to 76,210 units from 26,661 units in the same month of the previous year.
Total Commercial Vehicle Sales
Tata Motors' total commercial vehicle sales, including exports, experienced an impressive growth of 188% to reach 32,818 units. This is a significant jump from the 11,401 CVs sold in the same period the previous year. By the end of fiscal year 2021, the company had sold over 241,000 commercial cars in India.
Tata Nexon: A Best-Selling Vehicle
The Tata Nexon has been a standout success, with a remarkable sales performance in March 2022. Tata Nexon sold 14,315 units, making it the best-selling vehicle in its class. This sales figure represents a 65% year-over-year increase, marking a substantial growth from the 8,683 units sold in March 2021.
The Altroz: Market Revelation
Tata Motors' Altroz hatchback has also made waves in the market. Since its launch, the Altroz has managed to attract both social media and in-person attention. Despite the challenges faced during the pandemic, the Altroz has demonstrated a strong market presence, recording about 5000 sales in its debut year. The vehicle stands out for its reputation of durability and reliability, with the 2000 model Tata Safari still being sought after for its build quality.
Two 5-Star Rated Models
Tata Motors now boasts two 5-star rated cars in its lineup: the Nexon and the Altroz. Both models cater to different preferences, be it manual or automatic transmission. The Nexon and Altroz are powered by a 1.2-litre Revotron engine, delivering 113Nm of torque and 86PS of power. These vehicles offer up to 19 kmpl of fuel efficiency, making them cost-effective while preserving their performance.
Conclusion
Tata Motors’ remarkable growth can be attributed to its strong product pipeline and improved market positioning. With the Nexon and Altroz leading their respective markets, Tata Motors continues to capture a substantial share of the India automotive market. The company’s focus on quality, reliability, and market performance ensures its continued success in the sector.