Tata Motors' stock rose more than 3 percent on Monday after the companhy reported a 50 percent increase in total passenger vehicle sales in December 2021. On the Bombay Stock Exchange, the shares rose 3.13 percent to Rs 497.45. It rose 3.82 percent to Rs 500.80 during the day. It closed at Rs 496.80 on the National Stock Exchange, up 2.98 percent.
On the BSE, over 12.21 lakh shares were traded, while the NSE saw over 3.27 crore. Tata Motors, India's largest automaker, reported a 50 percent increase in total passenger vehicle sales to 35,299 units in December 2021.
Tata Motors stated in a regulatory filing that it sold a total of 23,545 vehicles in the same month a year ago. The business reported total passenger vehicle sales of 99,002 units in the third quarter of 2021, up 44 percent from 68,806 units in the same time the previous year.
"Despite a shortage in production due to the ongoing semi-conductor crisis, Tata Motors PV business growth journey continued and reached several new milestones during the quarter," Tata Motors President (Passenger Vehicles Business Unit) official said.