AMAZING !!!

Tata Motors inches closer to Hyundai in race for number two spot

Tata Motors NSE 0.83 percent is rapidly closing the gap on India's No. 2 manufacturer, Hyundai Motor

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in terms of passenger car sales, thanks to strong demand for its SUVs and improved semiconductor sourcing.

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The Indian electric vehicle market is witnessing an expansion. With the sales chart out for the month of May 2022

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Tata Motors also benefited from a maintenance shutdown at Hyundai's India plants last month.

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Tata Motors achieved its highest-ever monthly sales in May, with 43,341 cars sold

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surpassing Hyundai Motor India's 42,293 units.

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Tata Motors has overtaken its South Korean rival in the highly competitive Indian passenger car market for the second time in the last six months.

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Tata Motors has recently launched the Nexon EV Max in the Indian market.

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However, insiders say Hyundai, the maker of the Creta and Venue, may be able to recoup lost output in June and July as semiconductor supplies increase.

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In the domestic market, Tata Motors is only 10,000-11,000 units behind Hyundai Motor India in cumulative sales for the calendar year 2022. 

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Hyundai sold 218,966 vehicles in the first five months of 2022, compared to 207,979 for Tata Motors.

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