While the coronavirus pandemic has proved to be highly deadly for both humans and economies all around the world, Tata Motors has done something spectacular which needs your immediate attention. The COVID affected the automobile sector quite adversely with sales number plunging for both small and big companies. While many companies have reported two-digit loss percentages, Maruti and Hyundai have managed to stay around 1%-2% loss. But find how Tata Motors shines during Coronavirus below.
Tata has managed to achieve profits
Yes, you read that right. Tata Motors has managed to earn profits during the month of July 2020 after COVID. Tata Motors had only sold 10,485 units in July 2019 but managed to sell a staggering 15,000 units of the vehicle in July 2020. This is a 43 per cent jump from the previous year. This simply seems impossible and shows the brand’s bright future ahead. This is also the highest sales registered by Tata Motors in the past 16 months. As a result, Tata is now the third-largest carmaker in the country for July 2020.
Tata was already an established brand ago but entered a rough patch for the past few years. Reliability, Refinement, Build quality were some of the issues of the older Tata Cars. But Tata Motors did not back down and has come back with a punch. Tata now provides the best Safety in its cars compared to any other manufacturer for its segment all over India. The carmakers are again highly recognized for their cars and market share has increased considerably. Tata has hit the nails in the coffin and is back with a bang to put it simply. More about how Tata Motors shines during Coronavirus below.
What about market share?
At the end of FY20, Tata Motors ended the year with 4.98 per cent public vehicle market share. Tata faces competition from Maruti, Hyundai, Kia and MG motors including others in India. But this company only has the added advantage of being a ‘Made in India’ product.
Tata currently sells Tiago, Tigor, Altroz, Nexon and Harrier across different segments and are one of the toughest contenders among the competition. The success of Tata Harrier is rumoured to lead to Tata Gravitas which will compete against the British Hector Plus. All the Tata Cars are priced affordably and provide the best Safety in its respective segment.