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Tata Motors Shares Edge Higher After Domestic Sales Rise 53% In August 2021

Tata Motors Edges Higher After Domestic Sales Rise 53% In August

Tata Motors reported home gross sales of 54,190 models in August 2021

Share value of Tata Motors edged larger by round three per cent on Wednesday, September 1, after the corporate introduced its gross sales numbers for the final month. On Wednesday, Tata Motors opened on the BSE at Rs 288.50, swinging to an intra day excessive of Rs 297.30 and an intra day low of Rs 287.35, within the buying and selling session thus far. 

Tata Motors reported a home gross sales of 54,190 models in August 2021, in comparison with 35,420 models within the corresponding month final 12 months, marking a development of 53 per cent year-on-year. The firm’s gross sales within the home and worldwide marketplace for August 2021 stood at 57,995 automobiles, in comparison with 36,505 models in the identical month final 12 months, in response to a regulatory submitting by the agency to the inventory exchanges at present.

In phrases of business automobiles, Tata Motors reported whole home gross sales of 26,172 models in August, in comparison with 16,837 models within the corresponding month final 12 months, marking a development of 55 per cent year-on-year. The firm offered 29,781 models of whole business automobiles final month, in comparison with 17,889 models offered in August 2020, registering a development of 66 per cent year-on-year.

In phrases of passenger automobiles, Tata Motors reported whole gross sales of 28,018 models in August 2021, in comparison with 18,583 models offered within the year-ago interval, and 30,185 models offered in July 2021.

On the NSE, Tata Motors opened at Rs 289, registering an intra day excessive of Rs 297.40 and an intra day low of Rs 287.30, within the session thus far. It was final buying and selling 2.75 per cent larger at Rs 295.20 on the NSE.

Shares of Tata Motors had been final buying and selling 2.71 per cent larger at Rs 295.15 on the BSE.

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