Tata Motors December 2022 Sales: Tata Motors has sold 40,043 units of passenger vehicles in December 2022, an increase of 13.4%. The company had sold 35,299 units in the same month last year. Tata Motors has sold 1,31,297 units of vehicles in the last half of 2022, a growth of 32.6%, as compared to 99,002 units sold in the same period last year.
Increased export of the company
Tata Motors also registered an increase in car exports last month. The company exported 364 cars in December 2022 as against only 163 units exported in December 2021. The company’s total car exports saw a growth of 13.9%.
Tremendous sale of electric vehicles
Tata Motors registered a tremendous growth in the sales of electric vehicles last month. Talking about the sales of electric cars, the carmaker sold 3,868 units of electric cars in December, while the company sold 2,355 electric cars in the same month last year. The company has sold 12,596 units of electric cars in the third quarter of the current financial year.
Tata Motors to complete Ford plant deal in January
Tata Motors will fully acquire the Sanand plant of Ford India by 10 January 2023. TPEML, the electric passenger vehicle arm of Tata Motors, has entered into a deal to acquire Ford Motor’s manufacturing plant in Sanand, Gujarat, for Rs 725.7 crore.
As per the agreement between Tata Motors and Ford, Tata Motors will acquire the entire vehicle manufacturing plant along with all houses, machinery and equipment located within the plant premises. Apart from this, the company will also appoint all the employees working in Ford’s plant.