Tata Motors shares jump over 5% on strong sales performance

PTI Updated - April 10, 2023 at 04:26 PM.

Shares of Tata Motors rallied over 5.31 per cent to close at ₹460.90 after the company reported a 8 per cent year-on-year increase in group global wholesales, including that of Jaguar Land Rover (JLR).

It was the to gainer among the BSE Sensex and NSE Nifty stocks.

Also read: Sensex, Nifty rise in early trade amid firm Asian equities, foreign fund inflows

Tata Motors on Friday reported an 8 per cent year-on-year increase in group global wholesales, including that of JLR, at 3,61,361 units in the fourth quarter of FY23.

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in the January-March period this year stood at 1,18,321 units, up 3 per cent over the same period of FY22, Tata Motors said in a statement on Friday.

Global sales of JLR stood at 1,07,386 vehicles in the March quarter, which comprised 15,499 units of Jaguar and 91,887 units of Land Rover, it said.

Published on April 10, 2023 06:21

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