Final Up to date: March 05, 2024, 10:00 IST
Tata Motors Surpasses Hyundai Motor In Home PV Gross sales In February 2024.
Tata Motors emerges as a formidable contender in India’s auto trade, securing 2nd place in PV gross sales, surpassing Hyundai domestically.
Tata Motors seems to be to be on the course of turning into a supreme drive within the Indian auto market.
The homegrown firm was the second-most profitable passenger car (PV) producer final month. It marks a terrific achievement for Tata Motors, who has managed to beat rival Hyundai Motor India to clinch the second spot.
Maruti Suzuki continues to carry the highest place on the checklist, having recorded gross sales of 1,60,271 items in February. It’s 8.7 per cent increased than the quantity offered within the year-ago month. Maruti Suzuki despatched 1,47,467 items to its sellers in February 2023, as reported by India At the moment.
Tata Motors has seen a major development within the passenger car section. It has rolled out 51,267 items this yr whereas the numbers have been 42,862 final February. It means the Indian auto large has registered over a 19 per cent improve in gross sales as in comparison with the identical month of final yr.
Hyundai Motor India, alternatively, offered 50,201 items of passenger automobiles final month, logging a year-to-year development of solely 6.8 per cent. The Indian arm of the South Korean automaker recorded gross sales of 47,001 passenger vehicles final February.
Although Tata Motors demonstrated its superiority within the home market, Hyundai Motor India outperformed its rivals when it comes to exports. The native model has managed to ship solely 54 items of passenger automobiles to different nations whereas Hyundai has shipped greater than 10,000 items, which little question highlights its recognition among the many international viewers.
Hyundai’s complete PV quantity for the month was 60,501 items comprising each home gross sales and exports whereas Tata has recorded a complete gross sales of 51,321 items. One other India-based firm, Mahindra and Mahindra, offered 42,401 passenger vehicles within the home market in February.
Each Tata Motors and Hyundai Motor India have wealthy portfolios within the passenger car section. Some main choices by the Indian producer are Tiago, Pinch, Nexon, Harrier and Safari whereas its rival has 13 top-notch fashions together with Grand i10 Nios, i20, Aura, Verna, Exter, Venue, Creta, Alcazar, Tucson, Ioniq 5 and plenty of extra. Hyundai is ready to launch the N Line model of Creta on March 11.
