Tata Motors: The most valuable automobile company in the Indian market in terms of car sales is Maruti Suzuki, followed by Hyundai in the second position and Tata Motors in the third position. However, when it comes to market capitalization, Tata Motors has emerged as the top company. As of Tuesday, Tata Motors has become the country’s most valuable vehicle company in terms of market capitalization. Prior to this, Maruti Suzuki India (MSI) held this title, but now Tata Motors has surpassed MSI.
In addition to its valuation in the company’s market capitalization, Tata Motors also includes Differential Voting Rights (DVR) shares. As of Tuesday, Tata Motors’ market capitalization was Rs 2,85,515.64 crore, while Tata Motors Limited-DVR had a market capitalization of Rs 29,119.42 crore. The total combined market capitalization stood at Rs 3,14,635.06 crore. This is Rs 1,576.56 crore more than Maruti’s valuation of Rs 3,13,058.50 crore.
In terms of sales in 2023, Tata Motors achieved its highest sales figure, selling a total of 5.53 lakh vehicles. This marked its best sales performance in a calendar year. This is the third consecutive year that the company has improved its sales figures in a calendar year. Shailendra Chandra, MD of Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited, stated that the company recorded record sales in the compact SUV and hatchback segments, contributing to the overall success.
Nexon and Punch are the highest-selling models for Tata Motors. Nexon is the highest-selling SUV for the company, with over 6 lakh units rolled out so far. In the first half of 2023, it crossed the 5 lakh units milestone and has now surpassed 6 lakh units. It’s worth mentioning that Nexon was first launched in 2017.