Tata Motors inches up on reporting 6% rise in total sales in January
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Tata Motors is currently trading at Rs. 447.95, up by 1.30 points or 0.29% from its previous closing of Rs. 446.65 on the BSE.
The scrip opened at Rs. 446.00 and has touched a high and low of Rs. 449.10 and Rs. 441.30 respectively. So far 39651 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 514.40 on 02-Feb-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. 461.30 and Rs. 435.85 respectively. The current market cap of the company is Rs. 148346.81 crore.
The promoters holding in the company stood at 46.39%, while Institutions and Non-Institutions held 29.25% and 20.10% respectively.
Tata Motors has reported 6.4% rise in total sales at 81,069 units in January 2023 as compared to 76,210 units during January 2022. Total domestic sales were at 79,681 units in January 2023 as against 72,485 units in the year-ago month, a growth of 10%. Passenger vehicle (PV) sales, including electric vehicles, in the domestic market were at 47,987 units in January 2023 as compared to 40,777 units in the same month last year, up by 18%.
On the commercial vehicles (CV) front, company’s total sales were 7% down at 32,780 units in January 2023 as compared to 35,268 units in January 2022. Total domestic CV sales were marginally lower at 31,694 units in January 2023 as against 31,708 units in January 2022.
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.
