Taking the crown for India’s best-selling SUV, Tata Motors has notched its latest sales milestone of selling 400,000 units of Tata Nexon in the domestic market.
In a recent report, till end-September 2022, the Nexon had clocked cumulative sales of 399,898 units – just 102 units shy of the 400,000 marks.
This new milestone would have been notched on October 1 itself, given the surging demand for this compact SUV.
It is to be noted that on September 21, 2022, Tata Motors rolled out its 400,000th Nexon from the Ranjangaon plant in Pune, exactly five years to the day the game-changing model was launched on September 21, 2017.
The success of Nexon can be attributed to a well-thought-out market strategy designed to have maximum reach across fuels and price points.
Sold in as many as 51 variants – 21 petrol, 21 diesel and 9 electric – with automatic and manual transmission options, the Tata Nexon pricing is aimed at scoring high with consumers.
While the Nexon Petrol’s price bracket is Rs 759,000 (XE / manual) to Rs 12.77 lakh (XZA+P Jet /AMT), the Nexon Diesel opens at Rs 989,000 (XM / manual) and closes at Rs 14.07 lakh (XZA+P Jet AT). The Nexon EV Prime’s price range is between Rs 14.99 lakh and Rs 17.50 lakh.
The pace of sales is remarkable. Considering that cumulative sales of the Nexon raced past the 200,000-unit sales milestone in India in June 2021, a little less than four years or 46 months to be precise, the next 200,000 units have been sold in just 15 months. Do the math – that works out to average monthly sales of 13,333 units.
After a modest 27,547 units in the last seven months of FY2018, sales grew 100% YoY to 55,008 in FY2019. FY2020, which is when the pandemic struck India and the world, saw numbers decline to 43,260 but they perked up again to 63,756 in FY2021.
Demand then zoomed 95% YoY to 124,130 units in FY2022 – the Nexon contributed 33% to Tata Motors’ record FY2022 overall sales of 373,138 units, which also catapulted it into India’s No. 3 carmaker, after Maruti Suzuki and Hyundai.
The SUV continues in the same vein in the ongoing fiscal – between April-September 2022, it has sold 86,197 units – which is already 69% of FY2022’s record sales, with six months left for FY2023 to close.
The high-on-style, big-on-content Nexon has recently received a facelift – the interiors are better, space and comfort levels remain good and the SUV impresses with its ride and handling.
While the 1.5-litre diesel engine is better than the 1.2-litre turbo-petrol unit, the Nexon EV has carved a niche of its own and is India’s best-selling EV.
Click Here to get the latest EV news and exclusive updates from EV Mechanica on WhatsApp!