Tata Motors became the country’s second-largest automaker, beating Hyundai Motor India in December. Tata Motors reported total domestic sales of 66,307 units, compared to 48,933 units by Hyundai Motor India. Meanwhile, Maruti Suzuki retained the top spot with total sales of 1,30,869 units in December.
Tata Motors’ domestic sales jumped 24 percent on an annual basis from 53,430 units sold in the same month last year. On the other hand, in December, Hyundai Motor India reported a 26.6% drop in total wholesale sales to 48,933 units from 66,750 units in December 2020.
“Tata Motors’ PV business growth journey continued and entered several new milestones during the quarter despite lower production due to the current semiconductor crisis. FY21) and 35,299 units in December 21 (50% growth compared to December 20). In addition, the company also recorded sales of 3,31,178 units (CY21) in the calendar year, the highest on record since the inception of the PV business. The overwhelming market response to Tata Punch launched on October 21 is further driving demand for the company’s “New Forever” line of cars and SUVs, ”said Shailesh Chandra, President of the Passenger Vehicles Business Unit at Tata Motors, in a statement.
Meanwhile, Hyundai Motor India expects strong sales to continue in 2022 as well with various positive factors like improved semiconductor availability contributing to the growth of the company.
“We enter 2022 with cautious optimism. There are more positives than negatives and we’re aiming for a better year with as many customer backlogs. In addition, our product line is up to date, ”Hyundai Motor India Director (Sales, Marketing and Service) Tarun Garg told PTI during an interaction.
Hyundai’s total shipments increased 21.6% in 2021 to 6,35,413 units, compared to 5,22,542 units in 2020.
The automaker reported sales of 5,053,033 units in the domestic market last year, up 19.2% from 4,23,642 units in 2020.