Tata Motors shares rally 2% after releasing monthly sales numbers
Tata Motors sales in the domestic and international market for April 2024 stood at 77,521 vehicles, compared to 69,599 units during April 2023, rising 12% YoY.
Shares of auto major rose 2% on Thursday to the day’s high of Rs 1,028 after reporting a 31% year-on-year (YoY) increase in the sale of its commercial vehicles and a 2% YoY increase for passenger vehicles.Tata Motors sales in the domestic and international market for April 2024 stood at 77,521 vehicles, compared to 69,599 units during April 2023, rising 12% YoY.
In the commercial vehicle segment, the highest growth was recorded by the passenger carries, with a YoY increase of 118% to 4,502 vehicles, followed by intermediate medium and light commercial vehicles (ILMCV) trucks with a 101% YoY increase to 4,316 vehicles last month, compared to 2,148 vehicles sold in April 2023.
Domestic sales of MH&ICV in April 2024, including trucks and buses, stood at 12,722 units, compared to 8,985 units in April 2023 while the total sales for MH&ICV domestic and international business in April 2024, including trucks and buses, stood at 13,218 units compared to 9,515 units in April 2023.
The total domestic sales for passenger vehicles, including EVs, grew from 47,007 units in April 2023 to 47,883 units in April 2024.
The sales data includes the sales of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, both being subsidiaries of Tata Motors.
In the past three months, Tata Motors has given nearly 17% gains while in the last one year, the stock has gained 114%.
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Source: Stocks-Markets-Economic Times
