- Wednesday, May 01, 2024
By: Shubham Ghosh
SHARES of Indian auto giant Tata Motors on Monday (3) gained nearly four per cent after the company reported a 50 per cent rise in total passenger vehicle sales in December.
The stock jumped 3.59 per cent to Rupees 499.70 (£4.98) on the Bombay Stock Exchange.
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On the National Stock Exchange of India, it gained 3.6 per cent to Rupees 499.80 (£4.98).
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On Saturday (1), Tata Motors reported a 50 per cent jump in total passenger vehicle sales to 35,299 units in December.
The company had sold a total of 23,545 units in the same month in 2020, the company said in a regulatory filing.
In the third quarter ending in December 2021, the manufacturer said its total passenger vehicle sales stood at 99,002 units as compared with 68,806 units sold in the same period in the previous year, up 44 per cent.
“Tata Motors PV business growth journey continued and set several new milestones during the quarter despite witnessing a shortfall in production due to the ongoing semi-conductor crisis,” Tata Motors president (passenger vehicles business unit) Shailesh Chandra said.
