Tata Motors gains post June sales

Tata Motors was trading higher by 3.5% at Rs 474 on the BSE after the company said that its total passenger and commercial vehicle sales rose 8% to 44,276 vehicles in June 2016. The company sold 40,869 vehicles in June 2015.

“Cumulative sales (including exports) of the company for the fiscal were at 123,729 numbers, higher by 6% over 116,504 vehicles, sold last year,” Tata Motors said in a release.

Sales of passenger cars in June 2016 was higher by 37% at 11,705 numbers, compared to 8,516 numbers, in June 2015, as Tata Motors hatchback sales grew by over a 100% at 7,126 units in June 2016, due to strong demand for the recently launched Tiago, it added.

Tata Motors had reported 1% growth in total commercial and passenger vehicles sales at 40,071 units in May 2016 over the previous year.

The stock hit a high of Rs 475 on the BSE in intra-day trade. A combined 3.85 million shares changed hands on the counter on the BSE and NSE till 10:34 AM.

Tata Motors