Tata Motors Passenger Vehicles Ltd.

BSE: 500570 | NSE: TMPV
Large Cap | Automobiles - Passenger Cars
333.80
-8.50 (-2.48%)
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Tata Motors anticipating growth momentum to continue this year

Date: 24-01-2022

Tata Motors is anticipating its growth momentum to continue this year as well as anticipates supply side issues to improve, helping it roll out more units to cater to the enhanced demand.

The company, which sells models like Punch, Nexon and Harrier, saw its total passenger vehicle dispatches to dealerships rise by 44 per cent to 99,002 units in third quarter (October-December 2021) as compared with 68,806 units in the same period of the previous year.

Last month, it reported a 50 per cent jump in total passenger vehicle sales to 35,299 units as compared with 23,545 units in December 2020.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.