Tata Motors Reaches New Highs in 52 Weeks, Jumping Global Wholesale Sales

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At 10:20 am, shares of Tata Motors were trading up 1.3% on BSE.

Shares of Tata Motors hit new highs in 52 weeks after the large auto company reported a 1% increase in global wholesale sales, including that of Jaguar Land Rover, to 2.78,915 units in the third quarter of the current year. The company had sold 2.76,127 units during the period October to December. At 10:20 a.m., shares of Tata Motors were trading at Rs 241.10, up 1.3% on BSE.

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Tata Motors on Tuesday announced a 1% increase in global wholesale sales, including Jaguar Land Rover, to 2,78,915 units in the third quarter of fiscal year 2020-2021. The major automobile had sold 276,127 units during the period from October to December 2019-2020.

Global wholesale sales of all utility vehicles from Tata Motors and the Tata Daewoo lineup at T3FY21 were 90,365 units, down 4% from 94,034 units reported at T3FY20. Global wholesale sales of all passenger vehicles at T3FY21 were 1,88,550 units, an increase of 4% from the 1,823,093 units reported against T3FY20.

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Shares of Tata Motors had risen more than 10% to Rs 252 in Tuesday’s session after Jaguar Land Rover’s retail sales for the quarter ended Dec.31, 2020 stood at 128,469 vehicles, 13.1% more than 113,569 vehicles sold in the previous quarter.

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The BSE Sensex was trading at 49,706.19, an increase of 185.65 points or 0.37% and the NSE Nifty was at 14,625.35, up 61.05 points or 0.43% on the time.

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