In December 2021, the company sold 2,255 EVs while in December 2020, the carmaker managed to sell just 418 units
Bullish on the growing EV ecosystem in the country, Tata Motors has emerged on the top of electric passenger vehicle sales in the country. In December 2021, Tata Motors managed to sell 2,255 EVs, achieving its highest-ever EV sales in a month.
This was driven mainly by the company flagship Nexon EV and the recently-launched Tigor EV.
Late last year, Tata Motors announced that it will be forming a seperate subsidiary for its electric vehicle business which will be called Tata Passenger Electric Mobility Limited (TPEML).
The wholly-owned EV company has been formed with an initial investment of Rs 700 crore and will be responsible for manufacturing electric vehicles for the automaker.
In December 2021, the company sold 2,255 EVs while in December 2020, the carmaker managed to sell just 418 units.
Additionally, Tata Motors’ EV arm reported a year-on-year growth of 439 per cent. While in the third quarter of FY21, the carmaker sold 1,256 EVs, in the third quarter of FY22, Tata Motors sold 5,592 units of electric vehicles, thereby registering 345 per cent growth.
Shailesh Chandra, President, Passenger Vehicles Business Unit, Tata Motors Ltd. said, “EV sales also touched 10,000 units in 9MFY22 and crossed 2,000 monthly sales landmark for the first time in Dec’21 (2,255 units). The ever-increasing demand for Nexon EV and Tigor EV as well as progressive revival of the EV fleet segment were instrumental in driving this steep growth. Going forward, semi-conductor 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 business agility plan and take proactive actions to mitigate these risks.”
