Tata Motors Gain After Recording Highest Ever Passenger Vehicle Sales In February
Share of Tata Motors Limited gained two per cent on Monday, March 1, after the company registered the highest ever sales for passenger vehicles in February 2021 in nine years. The sales recorded last month more than doubled on an annual basis. On Monday, Tata Motors opened on the BSE at Rs 329.90, touching an intraday high of Rs 331.85 and an intraday low of Rs 322.55, in the trading session so far. (Track Tata Motors shares price here)
According to a regulatory filing by the firm to BSE, Tata Motors sales in the domestic and international market for February 2021 stood at 61,365 vehicles, compared to 40,619 units during February 2020. The total domestic sales for Tata Motors last month stood at 58,473, while it was 38,002 in the corresponding month last year, marking a 54 per cent growth.
The total passenger vehicles sales for the Mumbai-based auto maker in February came in at 27,225 units compared to 12,430 units sold in the same month last year, marking a 119 per cent.
As of 3:07 pm, Tata Motors shares traded 1.78 per cent higher at Rs 328.75, outperforming the Sensex which was 1.4 per cent.