Tata Motors Continues To Hit New Highs On EV Sales

By Saur News Bureau/ Updated On Wed, Jun 1st, 2022

Highlights :

The auto major has sold 3,454 EVs in May this year against 2,322 EVs in April 2022.

Tata Motors Continues To Hit New Highs On EV Sales

Tata Motors has registered a massive year-on-year sales growth of 204% in the month of May 2022. According to a press release shared on June 1, the company’s sales in the domestic & international market for May 2022 stood at 76,210 vehicles. In the same month last year, Tata sold 26,661 vehicles (Commercial + Passenger) despite the Covid pandemic.

The auto major claimed to have sold 39,887 ICE passenger vehicles in May 2022 as against 14,705 units in the same month last year. It records a year-on-year sales growth of 171%. The company’s electric vehicles sales stood at 3,454 units, recording a massive jump of 626%. In the same month last year, Tata Motors sold 476 EVs in the Indian market.

As far as its month-on-month sales is concerned Tata Motors has managed to improve by good 1754 units that’s a growth of 4 per cent. The brand’s EV sales have also been improved on monthly basis. The company has sold 3,454 EVs as against 2,322 EVs in April 2022. Tata Motors sold a total of 32,818 commercial vehicles in May 2022 against 11,401 CVs in the same month last year. The company recorded a massive Year-On-Year sales growth of 188%.

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In the domestic market, Tata sold 31,414 commercial vehicles in May 2022 as against 9,371 units in the same month last year. The domestic CV sales reported a growth of 235%. However, the brand’s exports declined by 31%. Tata Motors exported 1,404 CVs in May 2022 as against 2,030 units in May 2021.

Globally, the trend has a striking similarity. The number of electric vehicles (EVs) in the UK rose by 71% in 2021, according to research from the Society of Motor Manufacturers and Traders (SMMT). By the end of 2021 there were almost three quarters of a million electric vehicles on UK roads, over 720,000 of which were cars.

Mike Hawes, SMMT’s chief executive, said, “Britain’s switch to electric vehicles continues to gather pace, with a record one in five new car registrations now plug-ins.”