Tata Nexon EV is the largest selling electric car in India
TATA MOTORS LAUNCHED the hatchback Indica in 1998. Though the company had been making trucks and buses for decades and utility vehicles for many years, it was its first attempt at cars. Indica was also the first car to be designed and manufactured by an Indian company. It was a good start. Tata Motors sold about a million Indicas, and went on to make several other models and cornered a market share of 17 per cent in a decade.
But things went south soon, as the company struggled with the ambitious Nano project. By 2013, its market share slipped to single digits, and questions were raised about its sustainability. Though it churned out at least one model every year, none made any impact till the Tiago in 2016 and the Nexon a year later. A game-changer came in 2019, in the form of the Harrier, made on the Omega platform derived from the Tata-owned British carmaker Jaguar Land Rover.
Even as the automobile industry struggled to deal with the pandemic and lockdowns, Tata Motors’s passenger vehicle sales surged 69 per cent from a year ago to 2,22,025 units in the year-ended March 2021. This is when the sector saw a drop of 2 per cent in sales. It was the highest sales in the segment for Tata Motors in eight years, helping it regain the third spot behind market leader Maruti Suzuki and Hyundai Motor India. “Tata Motors gained market share across segments, leading to overall market share of 8.3 per cent, on the back of a strong product portfolio,” said Jinesh Gandhi, research analyst at Motilal Oswal Financial Services.
Esta historia es de la edición July 04, 2021 de THE WEEK.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 04, 2021 de THE WEEK.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
What Will It Take To Clean Up Delhi Air?
IT IS ASKED, year after year, why Delhi’s air remains unbreathable despite several interventions to reduce pollution.
Trump and the crisis of liberalism
Although Donald Trump's election to a non-consecutive second term to the US presidency is not unprecedented—Grover Cleveland had done it in 1893—it is nevertheless a watershed moment.
Men eye the woman's purse
A couple of months ago, I chanced upon a young 20-something man at my gym walking out with a women’s sling bag.
When trees hold hands
A filmmaker explores the human-nature connect through the living root bridges
Ms Gee & Gen Z
The vibrant Anuja Chauhan and her daughter Nayantara on the generational gap in romance writing
Vikram Seth-a suitable man
Our golden boy of literature was the star attraction at the recent Shillong Literary Festival in mysterious Meghalaya.
Superman bites the dust
When my granddaughter Kim was about three, I often took her to play in a nearby park.
OLD MAN AND THE SEA
Meet G. Govinda Menon, the 102-year-old engineer who had a key role in surveying the Vizhinjam coast in the 1940s, assessing its potential for an international port
Managing volatility: smarter equity choices in uncertain markets
THE INDIAN STOCK MARKET has delivered a strong 11 per cent CAGR over the past decade, with positive returns for eight straight years.
Investing in actively managed low-volatility portfolios keeps risks at bay
AFTER A ROARING bull market over the past year, equity markets in the recent months have gone into a correction mode as FIIs go on a selling spree. Volatility has risen and investment returns are hurt.
