Tata Motors beats Hyundai to become No. 2 carmaker | India Business News – Times of India
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NEW DELHI: Fuelled by strong demand for SUVs and electrics, Tata Motors pipped close rival Hyundai to emerge as the number two passenger vehicles maker in India, behind top player Maruti Suzuki.
Tata Motors sent 43,341 units to domestic dealerships in May 2022, which included 3,454 units of electric versions of Nexon SUV and Tigor mini sedan. Hyundai sent 42,293 units (it exported 8,970 units), but blamed the lower wholesale volumes to a “scheduled biannual maintenance shutdown” which cut its factory production by six days. Maruti’s sales in the month stood at 1. 24 lakh units.
This is the second time in the past six months when Tata has beaten Hyundai in monthly sales — the last time being in December 2021 — as demand for its models such as the Nexon and Punch SUVs remains robust.
The change in leadership ranking takes place with the broader auto market continuing to reel under production shortages due to a semiconductor crunch. However, companies, including Maruti Suzuki, have been witnessing healthy demand for cars and SUVs.
Mahindra sold 26,904 units in May 2022, while Kia Motors sold 18,718 units, Toyota 10,216 units and Honda Cars 8,188 units.
Shailesh Chandra, president of Tata Motors’ passenger vehicles business unit (including electrics), said that demand remains high for the company’s models across its line-up, including for hatchback Altroz and premium SUVs Safari and Harrier.
He said that while the company registered its highest-ever domestic wholesale volumes, the bookings that it is getting are far higher. “We have a pending delivery backlog of around 3.5-4 times of what we are dispatching to dealerships monthly.”
Chandra said that Tata Motors is now the biggest SUV seller, ahead of others such as Maruti Suzuki, Hyundai, and Mahindra & Mahindra.
Maruti’s sales in the month stood at 1.24 lakh units, and its Director (Marketing & Sales) Shashank Srivastava said that customer purchases have been robust. “While the outlook on demand is positive, there are concerns around a variety of factors such as resurgence of Covid, impact from commodity hikes and inflation, fuel prices, and dearer financing rates.”
Tata Motors sent 43,341 units to domestic dealerships in May 2022, which included 3,454 units of electric versions of Nexon SUV and Tigor mini sedan. Hyundai sent 42,293 units (it exported 8,970 units), but blamed the lower wholesale volumes to a “scheduled biannual maintenance shutdown” which cut its factory production by six days. Maruti’s sales in the month stood at 1. 24 lakh units.
This is the second time in the past six months when Tata has beaten Hyundai in monthly sales — the last time being in December 2021 — as demand for its models such as the Nexon and Punch SUVs remains robust.
The change in leadership ranking takes place with the broader auto market continuing to reel under production shortages due to a semiconductor crunch. However, companies, including Maruti Suzuki, have been witnessing healthy demand for cars and SUVs.
Mahindra sold 26,904 units in May 2022, while Kia Motors sold 18,718 units, Toyota 10,216 units and Honda Cars 8,188 units.
Shailesh Chandra, president of Tata Motors’ passenger vehicles business unit (including electrics), said that demand remains high for the company’s models across its line-up, including for hatchback Altroz and premium SUVs Safari and Harrier.
He said that while the company registered its highest-ever domestic wholesale volumes, the bookings that it is getting are far higher. “We have a pending delivery backlog of around 3.5-4 times of what we are dispatching to dealerships monthly.”
Chandra said that Tata Motors is now the biggest SUV seller, ahead of others such as Maruti Suzuki, Hyundai, and Mahindra & Mahindra.
Maruti’s sales in the month stood at 1.24 lakh units, and its Director (Marketing & Sales) Shashank Srivastava said that customer purchases have been robust. “While the outlook on demand is positive, there are concerns around a variety of factors such as resurgence of Covid, impact from commodity hikes and inflation, fuel prices, and dearer financing rates.”
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