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

Share price of Tata Motors edged higher by around three per cent on Wednesday, September 1, after the company announced its sales numbers for the last month. On Wednesday, Tata Motors opened on the BSE at Rs 288.50, swinging to an intra day high of Rs 297.30 and an intra day low of Rs 287.35, in the trading session so far. 

Tata Motors reported a domestic sales of 54,190 units in August 2021, compared to 35,420 units in the corresponding month last year, marking a growth of 53 per cent year-on-year. The company's sales in the domestic and international market for August 2021 stood at 57,995 vehicles, compared to 36,505 units in the same month last year, according to a regulatory filing by the firm to the stock exchanges today.

In terms of commercial vehicles, Tata Motors reported total domestic sales of 26,172 units in August, compared to 16,837 units in the corresponding month last year, marking a growth of 55 per cent year-on-year. The company sold 29,781 units of total commercial vehicles last month, compared to 17,889 units sold in August 2020, registering a growth of 66 per cent year-on-year.

In terms of passenger vehicles, Tata Motors reported total sales of 28,018 units in August 2021, compared to 18,583 units sold in the year-ago period, and 30,185 units sold in July 2021.

On the NSE, Tata Motors opened at Rs 289, registering an intra day high of Rs 297.40 and an intra day low of Rs 287.30, in the session so far. It was last trading 2.75 per cent higher at Rs 295.20 on the NSE.

Shares of Tata Motors were last trading 2.71 per cent higher at Rs 295.15 on the BSE.