Tata Motors shares flat amid steady passenger vehicle sales

Tata Motors share price NSE: Tata Motors shares traded flat on Monday, December 4 amid steady passenger vehicle sales. The auto major reported 1.73 per cent decline in overall global sales at 74,172 units in November 2023 as compared to 75,478 units in the same month last year. Tata Motors' total domestic sales were at 72,647 units last month as compared to 73,467 units in November 2022, down 1 per cent, Tata Motors in its regulatory filing said. Tata Motors shares ended flat at 706.1, up 0.9 or 0.65 points higher on NSE.

Tata Motors passenger vehicles sales

Overall sales of passenger vehicles (PV), including electric vehicles (EV) were at 46,143 units as against 46,425 units in the year-ago month, down 1 per cent, the filing added.

In the domestic market, PV sales, including EVs were marginally higher at 46,068 units last month as compared to 46,037 units in November 2022. Sales of passenger EVs, including in the domestic market, stood at 4,761 units as against 4,451 units in the year-ago month, up 7 per cent, the company said.

The company said its total commercial vehicles (CV) sales in November 2023 were at 28,029 units as compared to 29,053 units in the same month last year, down 4 per cent. Domestic CV sales were lower by 3 per cent at 26,579 units as compared to 27,430 units in the year-ago month, it added.

Tata Motors share price history

Tata Motors shares have rallied nearly 80 per cent so far thus calendar year, outperforming Nifty Auto index which has gained nearly 40 per cent in the same duration. Tata Motors has a market capatalisation of Rs 2,35,12,366.95, as per data available on NSE.

(With PTI inputs)

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