Advertisement
Monday, Nov 29, 2021
Outlook.com
Outlook.com

Tata Motors Share Price Zoomed Over Global Wholesales Numbers

The company’s global wholesales of commercial vehicles and Tata Daewoo range in the second quarter were at 89,055 units, up 57 per cent over the same period in 2020.

Tata Motors Share Price Zoomed Over Global Wholesales Numbers
Tata Motors Share Price Zoomed Over Global Wholesales Numbers
outlookindia.com
2021-10-12T12:53:49+05:30

Tata Motors shares continued the rally for the fourth consecutive day on Tuesday after the automaker reported 24 per cent higher global wholesale numbers for the September quarter.

These figures are higher in comparison with the same period a year ago.

According to NDTV, the automaker’s stock increased as much as 5 per cent intraday on Tuesday to Rs 435.65, its highest level since 2018.

The company’s global wholesales of commercial vehicles and Tata Daewoo range in the second quarter were at 89,055 units, up 57 per cent over the same period in 2020.

On Monday, Tata Motors said in a statement that global wholesales of all passenger vehicles in the September quarter of the current fiscal rose 11 per cent to 162,634 units over the corresponding quarter of the previous fiscal. The global sales of JLR stood at 78,251 vehicles in the September quarter, which comprised 13,944 units of Jaguar and 64,307 units of Land Rover.

In the meantime, analysts feel that Tata Motors looks better in comparison with other automakers considering the shortage in semiconductors across the globe in the auto sector.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Heavy Fines, Media Gag: Maharashtra Learns From Past As It Gears To Tackle Omicron

Heavy Fines, Media Gag: Maharashtra Learns From Past As It Gears To Tackle Omicron

Maharashtra CM Uddhav Thackeray has instructed all the ministers in charge of the districts to tighten coordination with the local administration to ensure proper prevention of another Covid-19 outbreak.

Omicron Shows Why Countries Need To Start Sharing Their Vaccines

Omicron Shows Why Countries Need To Start Sharing Their Vaccines

'Despite the repeated warnings of health leaders, our failure to put vaccines into the arms of people in the developing world is now coming back to haunt us', wrote former British PM Gordon Brown.

Iyer Plays Down Record, Says 'Important Thing Is To Win Match'

Iyer Plays Down Record, Says 'Important Thing Is To Win Match'

Shreyas Iyer hit 105 and 65 against New Zealand to become the first Indian batter to score a century and half-century in his debut Test match.

Covid-19: Experts' Take On Omicron And Possibility Of Third Wave In India

Covid-19: Experts' Take On Omicron And Possibility Of Third Wave In India

Though the health experts and scientists in India have advised caution yet they feel that the current immune profile of the majority of the population in India makes them less vulnerable to Omicron as compared to any other country in the world.

Advertisement