Tata Motors expects domestic passenger vehicle sales growth to continue
The indicators are good so far on the level of demand sustainability, Chandra said. However, the gains arising from pent-up demand coming to the fore and lower number of finished vehicles have now waned.
Cavelossim. Automaker Tata Motors expects sales of domestic passenger vehicles, especially SUVs, to remain strong in the current financial year as well. Talking to PTI here, Shailesh Chandra, managing director of Tata Motors Passenger Vehicles Ltd and Tata Passengers Electric Mobility, said that the company has set a target of selling one lakh electric passenger vehicles for the financial year 2023-24. Last year, this figure was around 50,000 e-vehicles. The indicators are good so far on the level of demand sustainability, Chandra said. However, the gains arising from pent-up demand coming to the fore and lower number of finished vehicles have now waned.
He added that despite the absence of these two components, the consumer preference for Tata Motors vehicles continues.SUVs are in high demand among first-time vehicle buyers as well as new car buyers, he added. Chandra said that till just two years ago the size of the domestic automobile industry was being told as 30 lakh vehicles, but last year itself it has crossed 39 lakh. This year, even if it remains at 41 lakh units, it will be a very good growth, he said.
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