Tata Motors starts Q2 on strong note, riding on passenger vehicles sales

During the month, the Tata group flagship sold 18,580 units as compared to 7,316 units a year ago

Brokerages slashed price targets on Tata Motors after the company reported biggest loss in India’s corporate history. The consensus 12-month price target for the stock is down to Rs 215 from Rs 252 earlier this month. Some brokerages have cut the tar

Sales of Harrier and Nexon have increased by 40 and 43 per cent respectively, compared to the monthly average sales of last year, he pointed out.

Shally Seth Mohile Mumbai
Passenger vehicle (PV) sales at Tata Motors are picking up pace after touching a historical low in FY20. The maker of Tiago and Nexon saw dispatches race to a two-year high in August.

During the month, the Tata group flagship sold 18,583 units against 7,316 a year ago, a year-on-year jump of 154 per cent. Its previous high was in March 2018, when it sold 20,266 units. During the month, it has also seen its market share jump 4.2 per cent to 8 per cent YoY. 

The company’s innings in the competitive PV market has been nothing short of a roller-coaster ride. That’s set to change, said Shailesh Chandra, president (PV business), Tata Motors. 

First Published: Sep 03 2020 | 8:20 PM IST

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