The company has been increasing the prices of its vehicles for some time now. Recently, the price of all its vehicles has been increased by Rs 3000 and the price of Tata Nexon EV and Tigor EV has been increased by Rs 25,000. Earlier, the company had increased the price of the vehicles at the beginning of the year and now the price has been increased in a few months.
Tata Motors has released its February sales figures, the company has sold a total of 77,733 units of vehicles, registering a growth of 27% as compared to last year’s 58,366 units. The company has sold 37,552 units of commercial vehicles and 39,981 units of passenger vehicles. The company has sold 39,981 units in the passenger vehicle segment as compared to 27,225 units sold in February 2021, which is an increase of 47%.
The Passenger Vehicle segment has sold 37,135 units, a growth of 39% as against 26,733 units in February 2021. At the same time, 2,846 units of electric vehicles have been sold, which is an increase of 478% as compared to 492 units in February 2021. In the commercial vehicle segment, 33,894 units have been sold in the domestic market, registering a growth of 9% as compared to 31,141 units in February 2021.
While 3,658 units have been exported, a growth of 35% has been registered against 2,718 units in February 2021. The company’s old models as well as the new models are getting a great response, as per information received by Tata Motors, the carmaker has already registered sales of more than 32,000 units for the Tata Punch.
The company will soon buy a new plant
Ford said goodbye to the Indian market a few months ago, the company was working on two plants in India. In such a situation, Tata Motors is going to take Ford’s plant in Sanand, now both the companies have given consent letter to transfer the ownership of the plant and this approval can be obtained in the coming week. It was only after Ford left India that Tata Motors showed interest in buying the plant.
The High Power Committee constituted by the state government is going to approve this proposal soon. However, whether the benefits that were given to Tata Motors during the setting up of the Nano plant will be given this time or not, it remains to be seen. Ford India has so far invested Rs 4,500 crore in setting up this plant, which has a capacity to manufacture 2.4 lakh units per annum and 2.7 lakh engines per annum.
Let us tell you that Tata Motors already has a plant in Gujarat, which is very close to the Ford India plant. Earlier, Tata Motors was also trying to buy Ford’s plant in Tamil Nadu. Tata Motors does not have a single plant in Tamil Nadu. According to a report, Tata Motors has already met the Tamil Nadu government to buy Ford India’s Chennai plant.