There has been a lot of demand for new models like Tata Punch and Safari. Despite the chip shortage problem, the company has managed to maintain its supply.
see photosTata Motors has registered almost double growth in sales this Dhanteras.
The festive season sales this year have been muted so far. Sales during Navratri period were not as strong as seen in the industry in previous years, but Tata Motors, things remain on fast track and strong growth is expected here as well. We saw that most automakers were reporting a decline in sales last month, but Tata Motors was one of the few carmakers that reported an increase. It has now confirmed almost double the increase in deliveries on Dhanteras as well. The company said in a statement that it has registered a tremendous jump of 94 percent this Dhanteras, which is a much bigger growth than expected.
Read also: Car sales October 2021: Tata Motors sees 32 per cent growth in September
There has been a lot of demand for Tata Punch.
Shailesh Chandra, President, Passenger Vehicle Business Unit (PVBU), Tata Motors said, “On the auspicious day of Dhanteras, due to strong demand for our new Forever range, our deliveries almost doubled compared to last year, with new launches Also included are Gaya Punch. and EV. Across India, our deliveries grew by 94 percent.”
Now in October 2021, the carmaker’s total domestic passenger vehicle sales stood at 33,925 units, a year-on-year growth of 44 per cent as compared to 23,617 units sold during the same month in 2020. At the same time, in the vehicles sold in September 2021 as compared to 25,730, the company saw a month-on-month growth of 32 per cent. Tata’s total domestic PV sales include 32,339 internal combustion engine (ICE) vehicles and 1,586 electric vehicles (EVs).
Read also: Tata Motors reports net loss of ₹ 4,441 crore in Q2 FY2022
Tata Safari has also been a strong volume guarantor.
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Now demand has not been an issue even for the entire auto sector. In fact, the decline is because semiconductor shortages have been a major disruption to the global auto market as well. The growth for Tata Motors is also due to the low base last year while new models like Tata Punch and Safari have been in high demand. Despite the chip shortage problem, the company has managed to maintain its supply.
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