Tata Motors overtakes Hyundai to grab second spot in passenger vehicle sales in December 2021&
The passenger vehicle industry staged a comeback in 2021 despite semiconductor shortage and a deadly second wave of Covid-19, sales grew 27% and crossed the 30 lakh-unit mark for only the third tie in history.
Tata Motors, the maker of Nexon SUV, has overtaken Hyundai Motor India to become the second-largest seller of passenger vehicles in the domestic market for the first time in close to a decade in December 2021.
The company also earned the distinction of posting its highest-ever monthly sales in December 2021, highest ever quarterly sales in October to December of 2021 and the highest annual sales since its inception in 2021.
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.
While Hyundai Motor India was insulated for most of 2021 from the semiconductor shortage, the company was forced to correct production and even observe ‘no production days’ due to a shortage of parts over the last few months.
Reviewing the December 2021 sales, Tarun Garg, director of sales and marketing at Hyundai Motor India, said that HMI had managed challenges to ensure smooth deliveries of their favourite Hyundai cars despite key component supply constraints its customers.
Electric vehicle sales
Tata Motors also posted its record electric vehicle sales at 2255 units, taking the quarterly sales to a peak of 5,592 units; consequently, EV penetration touched 5.6% of PV Sales during the quarter versus 1.8% in the same period last financial year.
The company claimed EV sales also touched 10,000 units in 9MFY22 and crossed the 2,000 monthly sales landmark for the first time in Dec ’21.