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Tata Motors registered 326% growth in EV sales on September 2022

Tata Motors EV sales have increased quite considerably in Q2 FY23. Both passenger vehicles and commercial vehicles have witnessed some good sales growth. With an overall domestic sales of 80,633 units in September 22’, Tata Motors witnessed 44% Y-o-Y growth last month. But its EV segment, which comprises the likes of Nexon EV and Tigor EV has demonstrated some significant growth.

Sutanu Guha

Updated Oct 1, 2022, 18:05 IST

Tata Tiago EV

Fresh from launching the world’s most affordable electric hatchback, Tata Tiago EV. The Indian manufacturer has announced its overall domestic sales growth of 44%. The Indian manufacturer sold 80,633 units on September 22, of which SUVs and EVs, played a big factor.

“Led by record-setting sales of Nexon and Punch, SUV sales have contributed a rich 66% of the quarterly PV sales. In electric vehicles, the company once again posted a record-breaking sales of 11,522 units in Q2FY23, registering a growth of 326% versus Q2 FY22,” said Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility.

Even commercial vehicles have witnessed a growth of 22% in domestic sales by recording 93,675 unit sales in the quarter. “This growth was led by stronger sales of MHCVs and a robust recovery in passenger carriers' demand. The improving fleet utilization, pick up in road construction projects, and increase in cement consumption catalyzed the demand recovery for MHCVs,” said Girish Wagh, Executive Director, Tata Motors Ltd.

However, the export of CVs has shrunk by 22% partly due to the economic situation in Sri Lanka and Nepal. The newly launched Yodha 2.0, Intra V50 and V20 BI-FUEL and the newly launched series of smart trucks are expected to pick up sales as well. “Going forward, while we expect strong sales in the festive season we will maintain a close watch on the evolving geopolitical, inflation and interest rate risk on both the supply and demand,” added Girish Wagh, Executive Director, Tata Motors Ltd.

Tiago EV can do 0-60 kmhr in 57 seconds — Tiago EV can do 0-60 km/hr in 5.7 seconds

The newly launched Tata Tiago EV is now the most affordable electric vehicle available for purchase. Based on the same updated platform that also underpins its petrol variant. The Tiago EV is available with two battery pack options with 250+ kms of range on offer.

Tata Passenger Electric Mobility now has three products on offer, Tiago.ev, Tigor EV and the Nexon EV. Prices range from Rs 8.49 lakh with the base Tiago EV and goes all the way upto Rs 20.04 lakh with the top-spec Nexon EV.

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