Tata Motors Records 51 Percent Growth In PV Sales; Huge Surge In EVs Demand
Continuing its elevated growth, Tata Motors has recorded the highest ever monthly sales of 40,777 units in the very first month of 2022. In fact, its EVs also witnessed tremendous YoY growth of 463 percent in the month of January. Here’s how the homegrown carmaker performed last month in passenger vehicle (PV) space: –
|PV Domestic Sales||Jan 2022||Jan 2021||Dec 2021||Y-o-Y Growth||M-o-M Growth|
|Electric Vehicles (EVs)||2,892||514||2,255||+463%||+28%|
Compared to the last year, Tata Motors has recorded a year-on-year growth of over 50 percent in January 2022, whereas its month-on-month sales increased by around 15 percent thanks to the recently launched Tiago CNG and Tigor CNG, which had accounted for over 3,000 units. The penetration of CNG models stood at 42 percent of their total monthly sales.
In the commercial vehicle (CV) segment, the automaker has sold 31,708 units last month in the domestic market against 30,671 vehicles in January 2021. While the YoY gain (+3%) wasn’t substantial, the brand’s CV exports shot up by 66 percent. That said, Tata has exported 3,560 vehicles in January 2022 as opposed to 2,145 units in the same period last year. With this, Tata Motors’ total sales in the domestic & international market for January 2022 stood at 76,210 vehicles, compared to 59,866 units during January 2021.