Tata Motor climbs after strong sales in November

Tata Motors rose 3.01% to Rs 185.10 after the company's sales in the domestic and international market for November 2020 stood at 49,650 vehicles, up by 20.73% from 41,124 units sold during November 2019.

The company's total domestic sales increased by 26% to 47,859 units in November 2020 from 38,057 units sold in November 2019. Sequentially, total domestic sales slipped 4% as against 49,669 units sold in October 2019.

Total domestic commercial vehicle sales dropped 9% to 27,982 units while total domestic passenger vehicle sales surged 108% to 21,641 units in November 2020 over November 2019. The announcement was made post trading hours yesterday, 1 December 2020.

The auto major reported a consolidated net loss of Rs 343.28 crore in Q2 FY21 as compared to a net profit of Rs 175.76 crore in Q2 FY20. Net sales during the quarter declined 18.4% year-on-year (Y-o-Y) to Rs 52,839.02 crore.

Tata Motors, part of the Tata group, is a global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses.

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