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.
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