Tata Motors increases UV market share to 19 percent
Tata Motors, which was the No. 3 UV OEM in FY2022 with a 15% share, has taken top spot with 18.70% in a market teeming with new products and stiff competition.
21 Aug 2022
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While the top six UV makers account for 88.5% of the market, there is a strong fight underway for the other 11.5% UV market share.
Tata Motors continues to expand its market share in the utility vehicle (UV) market. The company, which took the lead in Q1 FY2023 (April-June 2022) with wholesales of 97,943 UVs, maintains its No. 1 position, ahead of Maruti Suzuki India and Mahindra & Mahindra. In a span of just four months, the company has jumped to No. 1 position – in FY2022, Tata Motors was the No. 3 UV OEM with sales of 226,151 units and a 15.19% UV market share.
With total despatches of 118,449 units in the first four months of FY2023, Tata Motors has registered ...
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