Tata Motors, Tata Motors DVR gain up to 8% amid heavy volumes

Tata Motors outlined ambition to reach double-digit commercial vehicle margins and high single-digit passenger vehicle margins in coming years

Shares of Tata Motors edged higher by 8 per cent to Rs 329 on the BSE in intra-day trade on Tuesday on the back of heavy volumes after the company outlined ambition to reach double-digit commercial vehicle (CV) margins and high single-digit passenger vehicle (PV) margins in coming years. It maintained plans to attain zero debt (excluding leases) by FY24 through strong operating cash flows and divestments.

At 03:08 pm, the stock was trading 6 per cent higher at Rs 322 on the BSE, as compared to a marginal 0.01 per cent risen in the S&P BSE Sensex. A combined