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HomeCURRENT AFFAIRSBUSINESSTata Motors Ltd Records 0.6% Rise for Fifth Straight Session

Tata Motors Ltd Records 0.6% Rise for Fifth Straight Session

Tata Motors: Tata Motors Ltd is quoting at Rs 412.35, up 0.6% on the day as on 12:44 IST on the NSE. The stock is down 15.1% in last one year as compared to a 0.26% gain in NIFTY and a 17.02% gain in the Nifty Bank.

Meanwhile, the Nifty Bank index, which includes Tata Motors Ltd, has gained 7.42% in the previous month and is presently trading at 13190.9, up 1.32% on the day. Today’s volume in the stock was 61.49 lakh shares, compared to a daily average of 136.24 lakh shares in the previous month.

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Tata Motors Stocks

Tata Motors Ltd gained for a fifth straight session today. The stock is quoting at Rs 412.35, up 0.6% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.07% on the day, quoting at 17976.3. The Sensex is at 60623.66, up 1.11%. Tata Motors Ltd has added around 3.7% in last one month

Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles, stated that the business achieved its highest-ever monthly sales of 47,654 units last month, spearheaded by record Nexon and Punch sales.

Tata dominates India’s EV industry, aided by government subsidies and hefty import tariffs, and the business plans to increase its electric PV portfolio from three EVs now to ten by FY26. The Tiago EV is aimed at existing EV buyers who want a smaller car with premium features.

“With the recent launch of the Tiago EV, the company has opened new vistas and is poised to drive the mass adoption of EVs across the country. Going forward, we expect the festive season will witness strong retail on the back of improving the supply of vehicles, “he added.

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