Tata Motors shares traded at 135.05 at 11:39 AM, up by 1.66 percent. The share price went high in the morning by more than two percent. The stock traded at Rs 135.70, up to Rs 2.85, or 2.15 percent at 10:49 hours and touched an intraday high of Rs 137.35 and an intraday low of Rs 134.50.
This comes after the auto giant declared its sales numbers from the month of October. The sales were good in the month of October because of the festive season in India, where it sold 49,669 units with a 27 percent growth.
However, despite the adverse effect of COVID-19, the company was able to sell 23,617 passenger vehicles with an increase of 79 percent when compared to the same month of the previous year.
The company sold 28,472 commercial vehicles in the month of October with an increase of 2 percent of the total sales when compared to October 2019. The company reported increased sales by 15 percent when compared to September 2020 where it sold 24,910 commercial vehicles. While commercial vehicle exports increased by 20 percent in October to 2,420 units against 2,019 in the same month a year ago.
However, Tata Motors reported a loss of Rs 314 crore in the second quarter of the FY21 ended on September 30. The loss was Rs 97.94 crore higher than that reported for the same quarter a year ago.
