India’s passenger vehicle industry to see less than 5% growth in FY25, says Tata

India’s passenger vehicle industry to see less than 5% growth in FY25, says Tata

by with One Comment car insurance online

By: HT Auto Desk
| Updated on: 25 Feb 2024, 15:57 PM

  • Tata Motors’ key official Shailesh Chandra has hinted at impending price hikes for passenger vehicles in the coming months.
Tata Motors’ key official Shailesh Chandra has hinted at impending price hikes for passenger vehicles in the coming months.

Despite the rapidly rising demand for personal mobility and SUV-mania across the country, India’s passenger vehicle segment is likely to see less than five per cent growth in the next financial year, forecasted Tata Motors. Tata Motors Passenger Vehicles Managing Director Shailesh Chandra stated that India’s domestic passenger vehicle industry is likely to see moderate to less growth in the next fiscal starting in April 2024. However, the Tata Motors official believes electric vehicle sales in the country will grow despite the slow pace of EV charging infrastructure development.

Passenger vehicles to see sluggish growth

Chandra said that in FY23, the industry witnessed 25 per cent growth in the passenger vehicle segment, which is expected to become moderate in this financial year to about eight per cent. The Tata Motors official said that the industry is currently witnessing a high base effect and in the next financial year, there will be be slightly challenging situation for the segment. This challenging situation would result in the industry recording less than a five per cent growth rate in the next financial year, claimed Chandra during an analyst call.

Watch: 2023 Tata Safari review: Family SUV with bachelor spirit?

Passenger vehicles likely to be pricier

In the last few months, automakers in India have announced price hikes for their respective passenger vehicle models citing increasing production costs due to factors such as surging raw material costs, inflation etc. Chandra hinted that there would be more such price hikes in the next financial year, which would pose challenges to the growth of passenger vehicles.

Citing various challenges for the growth of passenger vehicles in India, Chandra noted that while commodity prices have been stable in the past quarter or so, there is a risk that prices may go up going forward. He hinted that costs of crucial raw materials are going up, which may impact the prices of passenger vehicles negatively in the coming months.

Watch: 2023 Tata Nexon EV facelift first drive review: Best-seller gets even better?

Electric vehicles to continue growing

Tata Motors is spearheading the democratisation of electric vehicles in India’s passenger vehicles segment. The homegrown OEM is leading the Indian electric car segment with more than 80 per cent market share. In the last few years, the segment has witnessed rapid growth thanks to various factors such as rising costs of petrol and diesel, narrowing price gap between electric and fossil fuel vehicles, availability of various government subsidies and incentives for EVs, tightening emission norms, growing awareness about environmental pollution and vehicular emissions’ impact on that, the launch of new electric cars etc. Tata Motors believes this growth momentum will continue in the next financial year as well.

Chandra said that in 2023, while the overall passenger vehicle industry grew eight per cent on a year-on-year basis compared to 2022, electric vehicle sales surged by 95-100 per cent YoY compared to the previous year. “I think this trend is likely to continue. So companies with stronger portfolios in CNG and EVs will grow,” Chandra said.

Watch: Tata Altroz iCNG: First Drive Review

Interestingly, this growth projection comes despite the sluggish pace of growth for the electric vehicle charging infrastructure, which is considered a key factor for the growth of electric vehicle sales. “As far as EVs are concerned, I think the biggest challenge here is the pace at which the charging infra is growing. It is lagging behind the pace at which the EV adoption is happening,” Chandra noted further adding, “Given that the charging infra is crucial to the growth and expansion of EV market, we have gone for an open collaboration approach with all charge point operators as well as the oil marketing companies who are focusing on expansion of charging infra.”

First Published Date: 25 Feb 2024, 15:57 PM IST


Source link

Year Ender 2023: Electric cars launched in India this year

Year Ender 2023: Electric cars launched in India this year

by with No Comment Electric vehicles cars

India is one of the fastest-growing electric vehicle markets in the world. Over the last few years, both legacy players and EV startups have been drastically transforming the landscape of the Indian EV industry. Electric two-wheelers dominate the Indian EV market, but car manufacturers too are introducing interesting products. While homegrown car manufacturers have been launching new electric cars in the country, foreign brands are also bringing their respective products into the segment.

By: HT Auto Desk
| Updated on: 23 Dec 2023, 20:42 PM

From mass-market to luxury, the year 2023 witnessed launch of several electric cars across price-segments, with SUVs dominating the chart.

In 2023, several carmakers, in both mass-market and luxury segments have launched some spectacular electric cars across different pricing slabs. Interestingly, like the fossil-fuel-propelled passenger vehicle market, the Indian electric car market is witnessing the rise of SUVs. In 2023, the majority of the electric cars launched in the country were SUVs.

Also Read : Year Ender 2023: The coolest concept cars unveiled this year

Here is a comprehensive list of the electric cars that were launched in India in 2023.

MG Comet EV

MG Comet EV is the most affordable electric car in India. This small boxy hatchback looks tiny compared to other models in the fray, but a perfect machine for in and around-city commuting. MG Comet EV was launched in 2023 at an introductory starting price of ₹7.98 lakh (ex-showroom). The electric hatchback threw a tough challenge to the Tata Tiago EV, the erstwhile most affordable electric car in India with its pricing. Design-wise, the EV is eye-catching on the exterior, while inside the cabin it looks simple yet very much urban at the same time. The Comet EV promises a 230 km range on a single charge.

Tata Nexon EV facelift

One of the most noteworthy car launches in India in 2023 was the arrival of the Nexon EV facelift. Tata Nexon EV is the country’s bestselling electric car and the homegrown automaker simply ramped up the appeal of the electric compact SUV with the launch of the Nexon facelift, which incorporates a wide range of design and feature updates. The Nexon EV facelift comes available at a starting price of ₹14.74 lakh (ex-showroom), and it promises a 465-kilometre range on a single charge, while it can accelerate to 0-100 kmph in 8.9 seconds. It comes with V2V and V2L technologies.

BMW iX1 electric SUV
Powering the electric SUV is a 66.4 kWh battery pack paired with dual electric motors.

BMW iX1

BMW launched the electric avatar of the X1 SUV, christened as iX1 in India in 2023. The luxury EV was launched in the country at a price tag of ₹66.90 lakh (ex-showroom). BMW iX1 is the German brand’s fourth fully electric vehicle and is sold in India via the CBU route. Powering the electric SUV is a 66.4 kWh battery pack paired with dual electric motors. The electric propulsion system churns out 309 bhp peak power and 494 Nm of maximum torque. The EV promises up to 440-kilometre range on a single charge. It can reach 0-100 kmph in 5.6 seconds and can achieve a top speed of 180 kmph.

BMW i7

BMW i7 is an all-electric sedan that was launched in India in 2023 at a price tag of ₹2.50 crore (ex-showroom). The BMW i7 M70 xDrive is the brand’s first M-division electric car that was launched in India in 2023. Powering this luxury electric sedan is a 101.7 kWh battery pack that is paired with dual electric motors and generates up to a 560-kilometre range on a single charge. The electric propulsion system churns out 657 bhp peak power and 1,100 Nm maximum torque. This electric sedan can sprint to 100 kmph from a standstill position in just 3.7 seconds at a top speed of 250 kmph.

Mahindra XUV400

Mahindra XUV400 is the homegrown automaker’s first-ever electric SUV launched in India in 2023. The Mahindra XUV400 comes positioned in compact SUV segment and it competes with rivals like the Tata Nexon EV. Launched at ₹15.99 lakh (ex-showroom), the Mahindra XUV400 is available in two different battery options and promises up to 456-kilometre range on a single charge. Available in EC and EL, the Mahindra electric SUV’s price goes up to ₹18.99 lakh (ex-showroom).

Citroen eC3

Despite being a new entrant in the Indian passenger vehicle market, French auto giant Citroen was quick to launch an electric car in the form of eC3. The electric SUV comes priced from ₹11.50 lakh (ex-showroom) and it promises a range of 320 kilometres on a single charge, which is also the highest in its segment. Available in four different variants, the Citroen eC3 EV is powered by a 29.2 kWh battery pack that promises 320 kilometres range on a single charge. The electric SUV promises a top speed of 107 kmph.

Volvo C40 Recharge

Volvo C40 Recharge is the second electric car in India from the Swedish luxury car manufacturer after the XC40 Recharge. The electric car was launched at ₹61.25 lakh (ex-showroom). The EV competes with rivals such as Kia EV6 and Hyundai Ioniq 5. The EV gets power from a 78 kWh battery pack paired with dual electric motors. The EV churns out 402 bhp peak power and 660 Nm of maximum torque. The EV is capable of running at a top speed of 180 kmph and can sprint to 100 kmph from a standstill position in 4.7 seconds.

Hyundai Ioniq 5

Hyundai Ioniq 5 is the second electric car from the South Korean auto giant in the Indian market. The Hyundai Ioniq 5 EV has been launched in the country at ₹44.95 lakh (ex-showroom). The EV comes competing against the Kia EV6 but is more affordable than the rebadged sibling. Powering the Hyundai Ioniq 5 is a 72.6 kWh battery pack, that promises a 631 kilometre range on a single charge. It gets a rear-wheel drivetrain churning out 214 bhp peak power and 350 Nm of maximum torque. The EV claims come with a fast charging technology that charges the battery from 10 to 80 per cent in just 18 minutes.

Audi Q8 e-tron and Sportback e-tron

Audi launched the Q8 e-tron and Sportback e-tron in India in middle of 2023. The SUV and the Sportback were launched together, priced at ₹1.14 crore and ₹1.18 core (ex-showroom). The Q8 e-tron essentially came as a facelifted iteration of the erstwhile e-tron. Both the SUV and the Sportback were launched in two trims – 50 and 55, with range of up to 600 kilometres on a single charge. Powering the 50 variant is a 71 kWh battery pack, while the 55 onbe gets a larger 114 kWh battery pack. The SUV has a maximum claimed range of 491 kilometres and 582 kilometres for the 50 and 55 variants, respectively, while the Sportback has a maximum range of 505 kilometres and 600 kilometres for the 50 and 55 variants, respectively.

Mercedes-Benz EQB

Mercedes-Benz India launched the EQB 350 4Matic electric SUV in India in 2023, at a starting price of ₹77.50 lakh (ex-showroom). The luxury electric SUV was launched in the country replacing the previous EQB 300 4Matic that was launched in December 2022. The EQB is powered by a 66.5 kWh battery pack. The electric propulsion system onboard the SUV promises 288 bhp peak power and 520 Nm of maximum torque. These specifications are significant enhancements from the EQB 300 4Matic.

Mercedes-Benz EQE

Mercedes-Benz EQE electric SUV was launched in India in 2023 after the EQS and EQB, joining the lineup as the brand’s third EV in the country. The Mercedes-Benz EQE electric SUV was launched here at ₹1.39 crore (ex-showroom). It competes with rivals like Audi Q8 e-tron and BMW iX1 electric SUVs. Mercedes-Benz EQE 500 4Matic SUV comes promising 550 kilometres range on a single charge. The SUV gets power from a 90.56 kWh battery pack that is paired with dual motors. The SUV can accelerate from 0-100 kmph in 4.9 seconds at a top speed of 210 kmph.

First Published Date: 23 Dec 2023, 20:42 PM IST


Source link

Tata Motors to set up 10,000 EV charging stations in India by 2025

Tata Motors to set up 10,000 EV charging stations in India by 2025

by with No Comment Electric vehicles cars

Tata Motors’ electric vehicle wing Tata Passenger Electric Mobility has tied up with as many as four EV charge point operators in India to bolster the EV charging infrastructure across the country. With the help of operators like Chargezone, Glida, Statiq and Zeon, Tata Motors plans to install around 10,000 new electric vehicle charging stations in the country in the next two years. The carmaker has signed a Memorandum of Understanding (MoU) with these charge point operators today (December 11).

By: HT Auto Desk
| Updated on: 11 Dec 2023, 18:05 PM

Tata Motors is currently the leading manufacturer in the electric passenger vehicle segment. It also has one of the largest EV charging network across India.

Tata Motors is currently the leading manufacturer in the electric passenger vehicle segment. The carmaker has already sold more than 1.15 lakh electric vehicles across India. Tata offers three electric cars in its portfolio which includes the likes of Nexon EV, Tigor EV as well as Tiago EV. The carmaker is expected to launch at least three more electric vehicles within the next one year. Being the leader of the EV segment, Tata Motors also has one of the largest EV charging network across India with the help of Tata Powers.

The MoU signed between Tata Motors and the four charge point operators will use telematics insight from the carmakers and identify locations to set up the new EV charging stations. This would mean Tata Motors will be able to take help from these operators to install EV chargers at places where its electric vehicles sell the most or is most frequented by Tata’s electric vehicle owners.

Chargezone, Statiq, Zeon and Glida, also formerly known as Fortum Charge Drive India, are some of the leading EV charger operators in India. They have a combined EV charging network of around 2,000 stations spread across various cities in the country. The MoU with Tata Motors will extend the number to 12,000 within the next 12-15 months, said the carmaker. Balaje Rajan, Chief Strategy Officer at Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said, “This collaboration will benefit from Tata Passenger Electric Mobility’s unparalleled EV usage insights, coupled with the CPOs’ innovative charging solutions and entrepreneurial spirit, and create 10,000+ additional charging points in the country by FY25.”

Also watch: 2023 Tata Nexo EV first drive review

Tata Motors and these four charge point operators will also work on a smart payment gateway for its customers to make it easy for them to recharge and pay. They are planning to roll out RFID cards which will be accessible at any of the charge points operated by these companies. Customers will also be able to avail benefits of loyalty programs as well as access dedicated customer care number.

Currently. Tata Motors has nearly 5,000 public EV charging stations across the country in collaboration with Tata Power. Tata Motors and Tata Power have also launched EZ Charge Card, a touch-based RFID card. Tata Motors has also tied up with Bharat Petroleum to set up 7,000 chargers over the next year.

First Published Date: 11 Dec 2023, 18:05 PM IST


Source link

Tata Sierra EV design patent leaked; to take on Mahindra Thar Electric

Tata Sierra EV design patent leaked; to take on Mahindra Thar Electric

by with No Comment Electric vehicles cars

Launched in 1991, the Tata Sierra two-door SUV has reached a cult status in recent times and Tata Motors hinted at resurrecting the nameplate in an all-new electric avatar. The automaker unveiled the Sierra concept at the 2020 Auto Expo as a three-door offering and then as a five-door electric SUV at the 2023 Auto Expo. And now, a design patent related to the Sierra EV has been leaked online, promising the model’s imminent arrival.

By: HT Auto Desk
| Updated on: 10 Dec 2023, 22:07 PM

The Tata Sierra EV is expected to arrive in showrooms in 2025

The design patent gives more details on the Tata Sierra EV and the elements that could likely go into production. The front profile remains largely unchanged with the LED strip running across the width of the SUV, while the headlamps are integrated into the bumper, which now gets vertical slats similar to the ones seen on the new Tata Nexon EV facelift. Other notable elements include the muscular haunches on the bonnet, a skid plate up front and body cladding on the sides. You can also make out the ‘.EV’ badge on the front doors, which will be more common on Tata’s EVs going forward.

Also Read : Auto Expo 2023: Tata Sierra EV scheduled to enter production in 2025

Tata Sierra EV Concept
The Tata Sierra EV concept was one of the showstoppers at the 2023 Auto Expo

Tata Motors is known to retain most elements from the concept on the production version and that seems to be likely with the Sierra EV as well. The flush door handles, flashy alloy wheels, and a slight heft on the D-pillar further add to the muscular look. The large windows and massive quarter glass should also bring a more roomy feeling at the back.

Details on the powertrain aren’t available yet but the upcoming Tata Sierra EV is expected to come with two electric motors, one on each axle, which will also bring all-wheel drive to the SUV. The interior is expected to be a big step up from Tata’s existing offerings and is likely to carry several elements from the concept version. Also, expect to see an advanced driver assistance system (ADAS) among other advanced tech.

The Tata Sierra EV is expected to be pitched as a lifestyle offering and is expected to enter production in 2025. It’ll be interesting if Tata also brings an internal combustion engine version with petrol and diesel powertrain options. The Sierra EV will take on the Mahindra Thar Electric that’s also expected to arrive in the latter half of the decade as a five-door offering. Meanwhile, Tata is gearing up to introduce the Curvv electric compact SUV in 2024, which will be followed up with the Curvv ICE a year later. The Tata Harrier EV is also slated to arrive next year.

First Published Date: 10 Dec 2023, 22:07 PM IST


Source link

Punch EV to Harrier EV: Upcoming new Tata Motors cars you should wait for

Punch EV to Harrier EV: Upcoming new Tata Motors cars you should wait for

by with No Comment car insurance online

Tata Motors is expected to drive in more electric vehicles besides other new models to India in coming days. The upcoming Tata cars, some of which will be launched in the next few months, also include CNG and ICE models too. While Tata Motors has confirmed launch of at least three of these models by next year, the other models have already been showcased in either production version or in concept avatars recently by the carmaker.

By: HT Auto Desk
| Updated on: 30 Nov 2023, 14:15 PM

Tata Motors is expected to launch around eight new models in coming days. Some of these models, including the Punch EV and Harrier EV, have already been confirmed for launch by next year.

Tata Motors is currently the leading carmaker in India in the electric vehicle segment. It offers models like Nexon EV, Tiago EV and Tigor EV. Tata also has two of India’s best-selling SUVs in Nexon and Punch. The carmaker recently launched the facelift version of the Harrier and Safari SUVs. Besides EVs and ICE vehicles, Tata also offers a few CNG models including the Tigor, Tiago, Punch and Altroz. The carmaker will expand all these portfolios with new models in coming days.

Here is a look at some of the new and upcoming cars from Tata Motors stable worth waiting for.

Punch is the smallest SUV in Tata Motors’ lineup in India. The rival to Hyundai Exter, Punch is available in both petrol and diesel versions along with CNG kit too. In August this year, Tata Motors confirmed that it will launch four electric vehicles by early 2024. These upcoming electric vehicles also include the Punch EV, which has already been spotted a number of times during test runs. According to reports, the Punch EV will use the same Ziptron technology that is doing duty on the Nexon EV. The size of the battery could be the ones used for Tigor EV or the Nexon EV. Tata Punch EV could offer range of more than 300 kms in a single charge in the long-range version.

Tata Motors showcased the Curvv Concept model in 2022 highlighting how its design language will change for upcoming models. A year later, the carmaker is preparing to launch Curvv in the production form. Tata had showcased the ICE version of the Curvv at the Auto Expo held earlier this year. Sailesh Chandra, MD at Tata Motors, had confirmed that the Curvv ICE version will be launched in India ahead of its EV avatar by 2024. With either 1.2-litre and 1.5-litre petrol engines under its hood, the Curvv SUV is expected to take on the likes of Hyundai Creta, Kia Seltos, Maruti Suzuki Grand Vitara among others in the compact segment.

Tata Curvv EV

Showcased first as an electric concept, the Curvv SUV is likely to see its EV version launching in India after the ICE version. The Curvv EV will be based on Tata Motor’s X1 platform which will be heavily reworked to become EV ready. According to reports, the expected range of the Curvv electric SUV will be between 400 kms and 500 kms in a single charge. It is not clear if Tata Motors will use the same battery the Nexon EV facelift uses.

Tata Harrier EV

Tata Motors unveiled the Harrier EV at Auto Expo 2023 earlier this year. The carmaker has confirmed that the EV version of Tata’s flagship SUV will go on sale in 2024. It has been spotted testing on roads ahead of its launch within the next few months. Built on the Gen 2 EV architecture, the Harrier EV will come with V2L and V2V charging facilities. As far as design is concerned, the unit showcased by the carmaker at the Auto Expo is slightly different from the Harrier facelift SUV launched in October. Tata Motors has not revealed much about the powertrain and its specifications yet.

Tata Altroz EV

Showcased at the Auto Expo 2020 in concept form, Tata Altroz EV is one of India’s most awaited electric cars. This would be the second hatchback from the carmaker after the Tiago to get an electric version. The Tata Altroz EV is expected to draw power from the automaker’s Ziptron powertrain, which would comprise a permanent magnet AC motor channelling energy to the front wheels via a single-speed transmission. Expect the Altroz EV’s lithium-ion battery pack to offer a range of around 300 kms in a single charge, which could come with fast charging capability.

The Altroz premium hatchback is also expected to get its most powerful variant in the Racer version, which was showcased at the Auto Expo 2023. The sporty-looking version of the hatchback, complete with a dual-tone theme of red and black with white stripes, could be Tata’s answer to the likes if Hyundai i20 N Line. The Altroz Racer is powered by a 1.2-litre turbocharged petrol engine. It produces 120 bhp and 170 Nm of peak torque. These power outputs are more than the Altroz iTurbo. Also, the gearbox has been upgraded, the Altroz Racer gets a 6-speed unit instead of a 5-speed unit.

Tata Nexon CNG

The Nexon SUV, Tata Motors’ best-selling car in India, is currently offered with petrol, diesel and electric versions. However, the carmaker could complete Nexon’s family with the introduction of its twin-cylinder iCNG technology too. The carmaker recently launched the CNG version of Punch SUV. There are talks that Tata Motors is also planning to use the same technology in Nexon too. The sub-compact SUV’s key rival Maruti Suzuki Brezza is the only model in the segment which is offered with CNG technology.

The much-awaited Sierra SUV from Tata Motors was first showcased back in 2020 during Auto Expo. In the 2023 edition of the auto show, Tata Motors returned with an EV concept version of the SUV. Tata Motors has confirmed that the Sierra EV will be launched in India by 2025.

First Published Date: 30 Nov 2023, 14:15 PM IST


Source link

Tata Motors opens bookings for Harrier and Safari facelift SUVs

Tata Motors opens bookings for Harrier and Safari facelift SUVs

by with No Comment car insurance online

Tata Motors has opened the bookings for the 2023 Harrier and Safari facelift SUVs today. The carmaker will launch both these flagship SUVs in October. One can book the Harrier facelift SUV or the 2023 Safari SUV for an amount of ₹25,000 through Tata’s online portal or at nearest dealership. The deliveries are expected to start soon after Tata Motors announces the prices. While Harrier will renew its rivalry with the likes of Hyundai Creta, Kia Seltos among others, the Safari will lock horns with Mahindra XUV700 in the three-row SUV space.

Tata Harrier facelift (left) and Safari facelift (right) SUVs are expected to be launched in India in the next couple of weeks.

Tata Motors has teased both Harrier and Safari facelift SUVs on its social media handles in the run-up to the launch. Both models have undergone several changes, including design, features and powertrain. Here is a look at what all has changed.

Tata Motors will offer the Harrier facelift SUV in four trims. Like the new Nexon and Nexon EV, Tata has dropped the old nomenclature to identify the model variants. The carmaker will use Smart, Pure, Adventure and Fearless names for Harrier variants too. For Safari, the top-end variant is called Accomplished.

Tata Harrier, Safari facelift: Design updates

The Harrier and Safari facelift SUVs will come with a new front face. Among the key changes are an updated grille flanked by vertically split headlight setup and LED DRLs stretched across the bonnet. The main headlamp housing is new and is now positioned vertically. At the sides, the Harrier SUV will sit on a set of redesigned alloy wheels measuring between 17 inches and 19 inches. At the rear, the Harrier gets connected light bar feature that Safari facelift has also received.

Tata Harrier, Safari facelift: Interior and features

On the inside, the 2023 Harrier will offer a new 12.30-inch infotainment screen and a 10.25-inch digital instrument cluster which look similar to the ones introduced in 2023 Nexon and Nexon EV. The dashboard will come with ambient lighting promising a more youthful vibe inside the cabin of the new Harrier. The new Harrier will also come with the new two-spoke steering wheel with a backlit panel showing Tata Motors’ logo and mounted controls that made its debut inside the Nexon and Nexon EV facelift SUVs.

Among other features, the Harrier facelift SUV will also offer powered tailgates, 10 JBL speaker sound system with Harmon AudioworX, paddle shifters, 360 degree camera and more.

Tata Harrier, Safari facelift: Safety features

In terms of safety, Tata Motors will offer as many as seven airbags in Harrier and Safari. Six airbags will be offered as standard across all variants. The seventh airbag, which is meant to protect the knees of the driver, will be offered in top-spec variants. Tata will also offer level-2 ADAS technology in Harrier, as well as the new Safari, with at least 11 safety features.

Tata Harrier, Safari facelift: Engine

The new Harrier and Safari SUVs will continue to be offered with Tata Motor’s trusted 2.0-litre diesel engine only. Mated to either a 6-speed automatic or a 6-speed manual transmission options, the engine is capable of generating 167.6 bhp of power and 350 Nm of peak torque. It also offers three drive modes which include Eco, City and Sport. Besides these, Tata will also offer three traction modes – Normal, Rough and Wet.

First Published Date: 06 Oct 2023, 16:44 PM IST


Source link

Tata Motors car sales slump 5% in September, EVs grow 57%

Tata Motors car sales slump 5% in September, EVs grow 57%

by with No Comment car insurance online

Tata Motors on Sunday announced in a regulatory filing that the automaker registered a five per cent sales slump in September in the passenger vehicle segment. The homegrown automobile manufacturer claims to have sold a total of 45,317 cars last month, down five per cent from 47,864 units registered in the same month a year ago.

By: HT Auto Desk
| Updated on: 01 Oct 2023, 17:37 PM

Tata Motors is expecting to see sales growth during the festive season thanks to the new product launches.

Domestic sales of Tata Motors’ passenger vehicle sales in September were down by six per cent at 44,809 units. In comparison, the auto manufacturer sold 47,654 units in the same month last year. Export numbers in the segment have jumped 142 per cent to 508 units last month, up from 210 units registered in September last year.

Watch: 2023 Tata Nexon EV facelift first drive review: Best-seller gets even better?

Total passenger vehicle sales in the second quarter of the current financial year too were down by three per cent to 138,939 units, as compared to 142,851 units sold between July and September 2023. Domestic sales of Tata passenger vehicles were down by 2.7 per cent to 137,950 units in the same period, as compared to 142,325 units recorded in the corresponding period of last fiscal.

While the overall passenger vehicle sales slumped marginally for the homegrown automobile manufacturer, sales of electric vehicles have recorded impressive growth. Tata Motors has registered a whopping 57 per cent growth in the electric vehicle segment with its models like the Nexon EV, Tigor EV and Tiago EV. The automaker claims to have sold 6,050 electric cars last month, up from 3,864 EVs sold in the same month a year ago. In the second quarter of the current financial year, Tata Motors sold 18,615 electric cars, up 55 per cent from 12,041 units sold in the same period a year ago.

Watch: Tata Nexon facelift first drive review: Can it set the benchmark higher?

Speaking about the sales performance, Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd., said that the PV sales remained strong in the second quarter of this financial year thanks to the new product launches. “Passenger vehicle sales remained strong in Q2 FY24 driven by new launches and pre-festive offtakes. Tata Motors posted quarterly sales of 138,939 cars and SUVs in Q2 FY24, 2.7 per cent below our highest-ever quarter, Q2 FY23. Our EV business continues its strong momentum and has posted growth of about 55 per cent year-on-year. In Q2 FY24, we extended our innovative twin-cylinder CNG offering to Tiago, Tigor and Punch, which have been received well by the market. This quarter also saw the launch of the new generation Nexon and Nexon.ev, which have received an overwhelming market response. We had proactively reduced supplies of the outgoing models this quarter to enable a smooth transition to the new generation models,” he said further adding that with the deliveries commencing of its new products, Tata Motors is expecting higher sales volumes in the festive season and beyond.

First Published Date: 01 Oct 2023, 17:37 PM IST


Source link

2023 Tata Nexon EV facelift vs Mahindra XUV400: Price comparison

2023 Tata Nexon EV facelift vs Mahindra XUV400: Price comparison

by with No Comment Electric vehicles cars

Tata Motors has tasted pretty good success with the Nexon EV. The pure electric version of the compact SUV was launched as the first-ever electric car from the homegrown brand. Since its launch, the Nexon EV has helped the automaker to grab around 80 per cent of the Indian electric car market. The facelifted iteration of the car aims to further strengthen the company’s grip in the segment.

Watch: 2023 Tata Nexon EV facelift first drive review: Best-seller gets even better?

Here is a price comparison between the 2023 Tata Nexon Ev facelift and its closest competitor Mahindra XUV400.

2023 Tata Nexon EV facelift vs Mahindra XUV400: Price

The 2023 Tata Nexon EV facelift is priced between ₹14.74 lakh and ₹19.94 lakh (ex-showroom). Available in six trim options, the SUV comes available in two different powertrain variants: Long Range and Mid Range. The Nexon Ev facelift trims are Creative Plus, Fearless, Fearless Plus, Fearless Plus S, Empowered and Empowered Plus.

On the other hand, the Mahindra XUV400 comes available in trim options: EC Standard, EC Fast and EL (Long Range). This electric compact SUV is available at a pricing range of ₹15.99 lakh and ₹19.19 lakh (ex-showroom).

The all-new 2023 Tata Nexon EV facelift clearly comes undercutting its closest rival Mahindra XUV400 EV, as the base variant of the Nexon EV facelift, which is the Creative Plus is priced lower than the Mahindra XUV400 EV’s base variant EC Standard that comes priced at ₹15.99 lakh (ex-showroom).

First Published Date: 15 Sep 2023, 16:33 PM IST


Source link