Tata Motors expects growth momentum to continue in 2022
Company News

Tata Motors expects growth momentum to continue in 2022

Tata Motors anticipates its growth momentum to continue this year as well as anticipates supply-side problems to enhance, assisting it to launch more units to provide for the increased demand, according to a top firm official.

The Mumbai-based automaker, which sells models such as Nexon, Punch and Harrier, witnessed its total passenger vehicle dispatches to dealerships increase by 44% to 99,002 units in the third quarter (October-December 2021) as against 68,806 units in the same term of the previous year. Last month, it registered a 50% increase in total passenger vehicle sales to 35,299 units as against 23,545 units in December 2020.

Tata Motors Passenger Vehicles Managing Director Shailesh Chandra told the media that there have been supply-side problems that have not permitted them to completely unleash the demand potential that they have for their range of cars.

He said that the firm is coming with more options in the mass segment to grow its customer base. The firm's debut in the entry-level SUV segment with Punch in 2021 is one fine example of bringing models in increasing segments. They will keep introducing new models in the new development areas.

The company has launched CNG trims, SUVs and continues to drive electric vehicles (EV). Every year there will be various kinds of exciting versions of their current models or some sort of exciting intervention which links with new-age customers. It is the set of things that they will continue to do.

Besides, the firm would continue to work in terms of mitigating the risks, which are emerging from the semiconductor crisis, and additionally focus on price reduction efforts inside the organisation given the influence the commodity pricing has had on the overall financials of the firm.

Image Source

Also read: Tata Motors to increase prices of its commercial vehicles

Also read: Tata Tech expects 35% biz growth with increasing EV demand in India

Tata Motors anticipates its growth momentum to continue this year as well as anticipates supply-side problems to enhance, assisting it to launch more units to provide for the increased demand, according to a top firm official. The Mumbai-based automaker, which sells models such as Nexon, Punch and Harrier, witnessed its total passenger vehicle dispatches to dealerships increase by 44% to 99,002 units in the third quarter (October-December 2021) as against 68,806 units in the same term of the previous year. Last month, it registered a 50% increase in total passenger vehicle sales to 35,299 units as against 23,545 units in December 2020. Tata Motors Passenger Vehicles Managing Director Shailesh Chandra told the media that there have been supply-side problems that have not permitted them to completely unleash the demand potential that they have for their range of cars. He said that the firm is coming with more options in the mass segment to grow its customer base. The firm's debut in the entry-level SUV segment with Punch in 2021 is one fine example of bringing models in increasing segments. They will keep introducing new models in the new development areas. The company has launched CNG trims, SUVs and continues to drive electric vehicles (EV). Every year there will be various kinds of exciting versions of their current models or some sort of exciting intervention which links with new-age customers. It is the set of things that they will continue to do. Besides, the firm would continue to work in terms of mitigating the risks, which are emerging from the semiconductor crisis, and additionally focus on price reduction efforts inside the organisation given the influence the commodity pricing has had on the overall financials of the firm. Image Source Also read: Tata Motors to increase prices of its commercial vehicles Also read: Tata Tech expects 35% biz growth with increasing EV demand in India

Next Story
Infrastructure Urban

What Industry Wants!

The construction industry is gearing up for Budget 2025 with high expectations. As one of India’s key economic drivers, the sector is eagerly anticipating reforms and policies to address pressing challenges such as high input costs, funding gaps, and sustainability demands. Industry leaders across real estate, infrastructure, construction materials, and logistics have shared their wishlists, urging the government to focus on GST rationalization, increased CAPEX, and green initiatives.This year’s budget presents an opportunity for the government to not only tackle existing bottlenecks but a..

Next Story
Infrastructure Urban

Messe Stuttgart, Startup India Tie-Up to Boost Funding

The logistics market in India is poised for significant growth, with a projected revenue of $357.3 billion by 2030. Despite this huge potential, a recent McKinsey & Company report highlights the decline in logistics funding following the pandemic that remains a significant concern. After receiving unprecedented funding of $25.6 billion in 2021, venture capital investment in logistics startups fell sharply to $2.9 billion in 2023—a nearly 90 per cent decrease, marking the lowest since 2015. This pullback from investors is attributed to several factors, including high interest rates, a glo..

Next Story
Infrastructure Transport

JK Tyre Strengthens Road Safety Commitment

Reinforcing its unwavering commitment to road safety, JK Tyre & Industries, a leader in the tyre manufacturing industry, partnered with the Delhi Traffic Police to organise a comprehensive Road Safety Awareness Week. This initiative, held as part of National Road Safety Month (January 1–31, 2025) spearheaded by the Ministry of Road Transport and Highways (MoRTH), aimed to foster responsible driving habits and reduce road accidents. Under the theme ‘Sadak Suraksha Jeevan Raksha,’ the initiative commenced on January 16, 2025, at the Delhi Police Traffic Training Park, BKS. The program feat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000