TATA Motors EV Sales

1. Tata Motors has posted a calendar year sale of 3,31,178 units (CY21). And it's highest since the company began selling passenger vehicles

2. The overwhelming market response to Tata Punch and Safari has helped in increasing demand for the company's car and SUV lineup

3. In Q3 FY22, electric vehicle sales reached a record high of 5,592 units, setting a new high (growth of 345% vs Q3 FY21)

4. In Nov 2021, Tata Motors sold 1,751 electric vehicles, more than four times the quantity sold in Nov 2020

5. As of now, Tata Motors has two battery-powered models - Tigor EV and Nexon EV

6. Their EV penetration touched 5.6% of Passenger Vehicle Sales during period last financial year. The Q3 FY22 versus 1.8% in the same

7. EV sales also touched 10,000 units in 9 months of the FY22 and crossed 2,000 monthly sales landmarks for the first time in Dec'21 (2,255 units)

8. Going forward, semi-conductor supplies will remain the key source of uncertainty

Furthermore, the impact of the new Covid strain must be continuously monitored