Tata Motors reports 94% rise in deliveries on Dhanteras

Tata Motors has said that its deliveries grew 94 per cent on the auspicious day of Dhanteras 2021.

Speaking on the achievement, Tata Motors President, Passenger Vehicles Business Unit Shailesh Chandra said "On the auspicious day of Dhanteras, our deliveries nearly doubled as compared to last year, owing to strong demand for our New Forever range, including the newly launched Punch and the EVs."

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"Across India, our deliveries grew by 94%," he added. He, however, did not disclose the exact sales number for the day.

Tata Motors also released its quarterly result on November 2, 2021. Its consolidated net loss for the July-September quarter in 2021-22 widened to over Rs 4,441 crore, against loss of Rs 314 crore reported in the same quarter last year.

However, the consolidated net revenue rose by 14.7 per cent YoY to Rs 61,379 crore. On a standalone basis, the company posted a comprehensive net loss of Rs 536.93 crore for the September quarter, as per a report by IANS.

It had registered a net loss of Rs 1,141.36 crore in the same period last fiscal.

It can be noted that the shares of Tata Motors settled the day in red. The shares of the company decline 2.75 points or 0.56 percent to close at Rs 485.05 on BSE.

Similarly, on NSE, the shares of the company ended the day at Rs 485.20, down by 2.65 points or 0.54 percent.