Tata Motors rises on reporting 10% rise in total domestic sales in December

Tata Motors is currently trading at Rs. 393.90, up by 5.80 points or 1.49% from its previous closing of Rs. 388.10 on the BSE.

Tata Motors Commercial Vehicle range
Tata Motors

The scrip opened at Rs. 392.00 and has touched a high and low of Rs. 394.30 and Rs. 390.75 respectively. So far 41128 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 528.35 on 18-Jan-2022 and a 52 week low of Rs. 366.05 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 397.20 and Rs. 375.50 respectively. The current market cap of the company is Rs. 128899.27 crore.

The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 29.02% and 19.68% respectively.

Tata Motors has reported 10% increase in total domestic sales at 72,997 units in December 2022. The company had sold 66,307 units in the same month previous year. Passenger vehicle sales in the domestic market stood at 40,043 units last month as against 35,299 units in December 2021, a growth of 13.4%. Sales of electric passenger vehicles, including exports, were at 3,868 units last month as compared to 2,355 units in December 2021, up 64.2%.

On the commercial vehicles front, company’s total sales were marginally down at 33,949 units last month as compared to 34,151 units in December 2021. However, domestic sales were up 6.3 per cent at 32,954 units as against 31,008 units in December 2021.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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