There is good news for the investors of Tata Motors. Shares of Tata Motors have gained over eight percent in Monday morning trade. The stock jumped 8.12 percent to Rs 473.10 on the BSE, while it gained 8.14 percent to Rs 473.30 per share on the NSE.


Tata Motors said in a statement that the global wholesale sales of all commercial vehicles of Tata Motors and the Tata Daewoo range stood at 1,18,321 units in the January to March period this year, up 3 percent from the same period in FY2022. At the same time, the company has registered a growth of eight percent on an annual basis.



Jaguar Land Rover in high demand

Jaguar Land Rover (JLR) witnessed strong demand in Q4FY23. Tata Motors sold a total of 3,61,361 units in Q4 FY23 including JLR sales. JLR's global sales in the March quarter stood at 1,07,386 vehicles, including 15,499 units of Jaguar and 91,887 units of Land Rover.



Tremendous sales in March

Tata Motors sold 46,847 cars in March as the automaker overtook rival Hyundai in the domestic passenger vehicle sales segment. In comparison, Hyundai sold 45,703 cars in the same month. The company registered a growth of 27% in the sales of passenger vehicles, increasing the company's market share to 13.39 percent in FY2023.


For information, let us tell you that Tata International, a Tata group company, has recently appointed Rajeev Singhal as its Chief Operating Officer. Singhal was earlier Vice President, Marketing & Sales, Flat Products at Tata Steel, and brings with him over 35 years of experience.