Tata Motors clocks highest-ever PV sales in 9 years in Feb 2021; stk up 5%

ICICI Securities maintain 'buy' rating on Tata Motors with target price of Rs 375 per share.

Shares of Tata Motors were trading at their highest level since May 2018, up 5 per cent to Rs 344.45 on the BSE, on Tuesday after the company's sales growth in the month of February outperformed sector peers across domestic commercial vehicle (CV) & passenger vehicle (PV) segments.

The Tata group company reported a strong 54 per cent year-on-year (YoY) growth in domestic sales at 58,473 units in the month of February 2021. It retained the positive momentum in passenger vehicle (PV) segment and reported 119 per cent year-on-year (YoY) jumped at 27,225 units. The February sales have been