+
Tata Motors expects growth momentum to continue in 2022
Company News

Tata Motors expects growth momentum to continue in 2022

Tata Motors anticipates its growth momentum to continue this year as well as anticipates supply-side problems to enhance, assisting it to launch more units to provide for the increased demand, according to a top firm official.

The Mumbai-based automaker, which sells models such as Nexon, Punch and Harrier, witnessed its total passenger vehicle dispatches to dealerships increase by 44% to 99,002 units in the third quarter (October-December 2021) as against 68,806 units in the same term of the previous year. Last month, it registered a 50% increase in total passenger vehicle sales to 35,299 units as against 23,545 units in December 2020.

Tata Motors Passenger Vehicles Managing Director Shailesh Chandra told the media that there have been supply-side problems that have not permitted them to completely unleash the demand potential that they have for their range of cars.

He said that the firm is coming with more options in the mass segment to grow its customer base. The firm's debut in the entry-level SUV segment with Punch in 2021 is one fine example of bringing models in increasing segments. They will keep introducing new models in the new development areas.

The company has launched CNG trims, SUVs and continues to drive electric vehicles (EV). Every year there will be various kinds of exciting versions of their current models or some sort of exciting intervention which links with new-age customers. It is the set of things that they will continue to do.

Besides, the firm would continue to work in terms of mitigating the risks, which are emerging from the semiconductor crisis, and additionally focus on price reduction efforts inside the organisation given the influence the commodity pricing has had on the overall financials of the firm.

Image Source

Also read: Tata Motors to increase prices of its commercial vehicles

Also read: Tata Tech expects 35% biz growth with increasing EV demand in India

Tata Motors anticipates its growth momentum to continue this year as well as anticipates supply-side problems to enhance, assisting it to launch more units to provide for the increased demand, according to a top firm official. The Mumbai-based automaker, which sells models such as Nexon, Punch and Harrier, witnessed its total passenger vehicle dispatches to dealerships increase by 44% to 99,002 units in the third quarter (October-December 2021) as against 68,806 units in the same term of the previous year. Last month, it registered a 50% increase in total passenger vehicle sales to 35,299 units as against 23,545 units in December 2020. Tata Motors Passenger Vehicles Managing Director Shailesh Chandra told the media that there have been supply-side problems that have not permitted them to completely unleash the demand potential that they have for their range of cars. He said that the firm is coming with more options in the mass segment to grow its customer base. The firm's debut in the entry-level SUV segment with Punch in 2021 is one fine example of bringing models in increasing segments. They will keep introducing new models in the new development areas. The company has launched CNG trims, SUVs and continues to drive electric vehicles (EV). Every year there will be various kinds of exciting versions of their current models or some sort of exciting intervention which links with new-age customers. It is the set of things that they will continue to do. Besides, the firm would continue to work in terms of mitigating the risks, which are emerging from the semiconductor crisis, and additionally focus on price reduction efforts inside the organisation given the influence the commodity pricing has had on the overall financials of the firm. Image Source Also read: Tata Motors to increase prices of its commercial vehicles Also read: Tata Tech expects 35% biz growth with increasing EV demand in India

Next Story
Infrastructure Transport

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

Next Story
Infrastructure Transport

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Next Story
Infrastructure Transport

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Open In App