Tata Motors shares bounce almost 4{bce2ac57dae147ae13b811f47f24d80c66c6ab504b39dda4a9b6e8ac93725942} on sturdy December gross sales; PV gross sales up 50{bce2ac57dae147ae13b811f47f24d80c66c6ab504b39dda4a9b6e8ac93725942}

Shares of Tata Motors on Monday gained almost 4 per cent after the corporate reported a 50 per cent bounce in complete passenger automobile gross sales in December 2021.

The inventory jumped 3.59 per cent to Rs 499.70 on the BSE.

On the NSE, it gained 3.60 per cent to Rs 499.80.

Homegrown auto main Tata Motors on Saturday reported a 50 per cent bounce in complete passenger automobile gross sales to 35,299 items in December 2021.

The corporate had offered a complete of 23,545 items in the identical month a yr in the past, Tata Motors stated in a regulatory submitting.

Within the third quarter ended December 2021, the corporate stated its complete passenger automobile gross sales stood at 99,002 items as in contrast with 68,806 items offered the identical interval within the earlier yr, up 44 per cent.

“Tata Motors PV enterprise development journey continued and set a number of new milestones throughout the quarter regardless of witnessing a shortfall in manufacturing because of the ongoing semi-conductor disaster,” Tata Motors President (Passenger Autos Enterprise Unit) Shailesh Chandra stated.

(Solely the headline and movie of this report could have been reworked by the Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)

Expensive Reader,

Enterprise Customary has all the time strived arduous to supply up-to-date info and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on how one can enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome occasions arising out of Covid-19, we proceed to stay dedicated to holding you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nonetheless, have a request.

As we battle the financial impression of the pandemic, we want your assist much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We consider in free, honest and credible journalism. Your assist by way of extra subscriptions might help us practise the journalism to which we’re dedicated.

Help high quality journalism and subscribe to Enterprise Customary.

Digital Editor