The domestic sales rose to 66,307 units during the month under review from 53,430 units sold during December 2020.
The company’s total commercial vehicle sales rose to 31,008 units in December 2021 from 29,885 units sold during the corresponding month of the previous year. Total passenger vehicle sales rose by 50 per cent to 35,299 units from 23,545 unit off-take in December 2020.
“Tata Motors PV business growth journey continued and set several new milestones during the quarter despite witnessing a shortfall in production due to the ongoing semiconductor crisis,” said Chandra, President, Passenger Vehicles Business Unit, Tata Motors.
“The overwhelming market response to Tata Punch launched on October 21 is further boosting demand for the company’s ‘New Forever’ range of cars and SUVs,” he added.
Chandra also said that the ever-increasing demand for Neon EV and Tiger EV as well as progressive revival of the EV fleet segment were instrumental in driving this steep growth.
“Going forward, semiconductor supplies will remain the key source of uncertainty. Additionally, the impact of the new strain of Covid needs to be closely tracked. We will continue to work on a business agility plan and take proactive actions to mitigate these risks,” Chandra said.
Tata Punch, the new Tata Motor SUV, was unveiled at Tata Motors passenger vehicle dealer, Tata Motors showroom, here on Wednesday.
Actor Srikanth and Tata Motors Managing Director, released the new vehicle and speaking on the occasion, He said Tata Punch with its 5-star ratings in safety will have good sales and bookings have started in Tata Motors also.
Tata Punch has been released in four variants and comes with a host of features apart from safety ratings and is priced at Rs 5.49 lakh basic ex-showroom, he added. Tata Motors CEO, Mahendra, GM Ravinder and showroom staff and customers participated in the program, a press release said.
The country’s largest two-wheeler maker, Hero Motorcar, on Thursday said it will increase prices of its entire model range by up to Rs 2,000 from January 4, 2022. In order to offset the impact of rise in input cost.
The price revision has been necessitated to partially offset the impact of steadily increasing commodity prices, it added.
“The price revision will be up to Rs 2,000 and the exact quantum of increase will depend on the model and the market,” the two-wheeler maker stated.
Similarly, Volkswagen Passenger Cars India announced that it will hike the prices of Polo, Veto and Taiwan from January 1, 2022. Owing to the rising input and operational costs.
The price revision will be ranging from 2-5 per cent depending on the carmine and the variant., it said.
Price hike will not be applicable to the new Tiguan, which was launched in India recently, it added.
“Our effort over the years has been to make our brand, products and services more accessible and establish Volkswagen as the brand of choice amongst our customers. Due to the substantial increase in the input and operational costs, we have decided to hike the prices of our product offering ranging from 2-5 per cent and keeping the impact on customers at a minimal level,” Volkswagen Passenger Cars India Brand Director Ashish Gupta noted.
There has been a steady increase in prices of raw materials like steel, aluminum, copper, and precious metals over the last year, prompting automobile manufacturers to raise model prices.
Already, various carmakers like Suzuki India, Tata Motors, Toyota Cars, Honda Cars have indicated to increase vehicle prices from next month.
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