New Delhi. Tata Motors, one of India’s largest carmakers, has not suffered any loss in sales even after the end of the festive season. On one hand, where many companies have suffered a lot in sales in November 2021, on the other hand Tata Motors has gained 324% in the sale of electric vehicles in the same month. The reason for this is the company’s 2 famous electric vehicles Nexon EV and Tigor EV. The company sold 1,751 units of electric vehicles last month, registering an increase of 324% over 413 units sold in the same month last year. Due to the increasing popularity and demand for electric vehicles in the country, Tata Motors benefited from the sale of electric vehicles. In such a situation, it is clear that while the sales of many companies have come down due to the end of the festive season, it has not affected Tata Motors and the company is performing well in terms of sales.
Tata Motors preparing to strengthen its hold in the market
The company had sold a total of 1,586 units of electric vehicles in October 2021, so in November they have gained 10.4% in sales over October. Tata Motors is planning to strengthen its hold in the market. Due to this, the company can launch 10 new electric vehicles by 2026.
Tata’s electric vehicles are in the market
Tata’s Nexon EV is currently the best selling electric car in the country. Along with this, people also like Tigor EV very much. Due to this, Tata is getting rapid success in the electric vehicle segment. In such a situation, it is clear that Tata’s electric vehicles are in the market in the country. The company is also going to launch its new electric car Altroz EV in the market soon.
Company’s plan for the future
Tata Motors will soon invest Rs 7,500 crore in its EV vertical to further strengthen its electric vehicle business. The company is also working on better electric powertrain and bigger battery pack, which will also strengthen the electric vehicle segment and expand the company in the market. It is clear from this that this plan of Tata Motors will further improve the company’s position in the electric vehicle segment for the future.
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