Tata Motors is excited about the sale of Nexon and Ultrose. The company has set a target of selling ten thousand units of Tigor and Tiago this year.
In the Indian car market, Tata Motors is once again pushing to strengthen its position. The company is excited about the sale of its two models, the Nexon and the Altrose. In the next financial year 2021-22, it wants to take its production to four lakh units in the local market. If the company achieves this target then it will meet its biggest sales target in India so far. In this way, it can move towards gaining ten percent share in the Indian car market.
The company’s full emphasis on the SUV segment
The company is focusing a lot on its SUV segment. Good sales of Nexon and Ultraz have encouraged it. The company is going to expand its market further. The company has a big intention to speed up production. However, lack of supply of semi-conductors can cause bottlenecks. Tata Motors has been running in turn around mode from 2018-19. It has achieved a big growth of 41 to 159 percent between July and December of the financial year 2020-21. Whereas the growth of the industry was 16 percent in the last financial year. This increased Tata Motors’ share in the Indian car market to eight per cent. This is his best performance in the last seven years. In the financial year 2020-21, Tata Motors sold 1.38 lakh units.
Tata Motors will sell 50,000 units of Tigor and Tiago
Even if three lakh units are sold, Tata Motors will acquire a ten per cent stake. If Tata Motors fulfills this target of selling vehicles, then its share in the Indian car market will be 13.5 percent. In 2006, the company’s share was 17 per cent, but it has reduced significantly. The company will now try its best to increase its stake. Sales of Nexon and Ultrose are increasing every month. The company has set a target of selling 50,000 units of Tigor and Tiago this year.
Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.