Tata Motors shares gain 3% on encouraging sales data

Shares of Tata Motors today gained 3 per cent after the company reported a 10 per cent rise in its total sales at 41,734 units in December.
The auto major's scrip went up by 2.70 per cent to close the day at Rs 511.70 on the BSE. During the day, it gained 3.74 per cent to Rs 516.90.
On the NSE, it climbed 3.02 per cent to settle at Rs 513.50.
Tata Motors today reported 10 per cent increase in total sales at 41,734 units in December, as against 37,836 units in the same month last year.
Domestic sales of Tata commercial and passenger vehicles grew by 8 per cent at 37,776 units as compared to 35,010 units in December 2013, Tata Motors said in a statement.

Sales of passenger vehicles in the domestic market in December stood at 12,040 units, up 30 per cent from 9,272 units in December 2013.
In the commercial vehicles segment, domestic sales remained flat at 25,736 units during the month, the company said.
Exports during the month as stood at 3,958 units as against 2,826 units in the year-ago month, up 40 per cent.