Tata Motors targets half a million car sales annually

Record sales and robust demand across product lines have encouraged Tata Motors to increase capacity which includes a likely acquisition of Ford India's Sanand factory. Hormazd Sorabjee has the details.

Tata Motors is believed to be focusing on the Nexon, Altroz and Punch as the main volume drivers to meet its aggressive sales target for FY2022.

Tata Motors has beaten all odds by posting record car sales despite the ravages of the pandemic and worldwide disruptions to production.

"The last two years have been difficult for the auto industry and seeing Tata Motors grow two-and-a-half times is something that makes me proud," said Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility.

He made these comments whilst accepting the Manufacturer of the Year award on behalf of the company at the recent Autocar Awards 2022 ceremony. Ever since the pandemic engulfed the world in early 2020, Tata Motors has bucked the trend and outpaced the industry with zooming sales from 131,197 units in FY2020 to a projected 350,000 units in FY2022 based on the current sales momentum.

Tata Motors bagged the 'Manufacturer of the Year' award at the Autocar Awards 2022.

And now, with the dark clouds of the pandemic fast abating and the supply crunch of semiconductors easing, the company is gearing up for even more growth in a bullish market forecast to have clear skies ahead. According to industry sources, encouraged by strong demand across its product lines, Tata Motors has drawn up aggressive plans to produce over 500,000 cars a year. It is targeting sales of around 40,000 cars per month in the first few months of the next fiscal, rising to 50,000 units a month on the back of the new launches, additional variants and facelifts later in the year.