Tata Motors share price jumped as much as 3.69 per cent on Monday after the auto major reported 8 per cent growth in sales at 44,276 units in June. The company had sold 40,869 in the same month last year.
At 9.39 am, shares of Tata Motors were trading 3.45 per cent up at Rs 473.55. The scrip opened at Rs 467.90 and has touched a high and low of Rs 474.80 and Rs 467.90, respectively, in trade so far.
Domestic sales of the company’s commercial and passenger vehicles rose 8 per cent year-on-year to 38,673 units in June over the same month of previous year.
In June 2016, Tata Motors passenger vehicles in the domestic market, recorded a sale of 12,509 units a year-on-year growth of 22 per cent, compared to 10,281 units sold in June 2015.
Sales of Tata Motors Light Commercial Vehicles, continued to grow in the domestic market at 16,017 unit, an increase of 14 per cent over June 2015. M&HCV sales were at 10,147 units, lower by 11 per cent, over June 2015. The overall commercial vehicles sales in June 2016, in the domestic market were at 26,164 units, a growth of 2 per cent, over June 2015.
The company exported 5,603 units in June, up 11 per cent against 5,046 units in June 2015.
Later, the scrip closed 2.40 per cent up at Rs 468.90.