We reported earlier that Tata Motors is all set to acquire Ford’s Sanand based manufacturing plant, which has a production capacity of 2.4 lakh units per annum. Despite COVID-19 pandemic, Tata Motors recorded a massive sales growth. From 1,31,197 units in FY20, the company is all set to achieve 3.5 lakh units sales in FY22.
Buoyed by positive response for its product line-up, Tata Motors is now aiming to produce over 50,000 cars a year. The company is targeting sales of around 40,000 cars per month in the first few months of FY22-23. It is aiming to achieve 50,000 units a month later in the year. Tata plans to launch new variants and facelifts of existing model in 2022.
Tata Motors is focusing on the Nexon, Altroz and Punch as the main volume drivers. The report claims that Tata Motors have asked suppliers to gear up for volumes of 15000 Nexons per month. The company is likely to produce close to 3,000 all-electric Nexons per month. Tata Motors will also launch the long-range Nexon EV in the first quarter of FY 2022-23. The new model is expected to further boost demand for the Nexon EV.
Tata Motors is also aiming to sell over 10,000 units each of the Altroz and Punch permonth. The Altroz has recently received an automatic variant, which is expected to increase its demand. The Tata Punch is also receiving positive response from buyers. The balance capacity will be utilised to produce Harrier/Safari and Tigor/Tiago models.
Tata Motors has no new models for the Indian market next fiscal. The company will introduce a new mid-sized Coupe SUV, which will be based on the current Nexon. The new model will be offered with an electric powertrain; however, it will also get petrol and diesel engine options at a later stage.
Source – AutoCarIndia
