Tata Motors surges over 3% intraday on good sales in April

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Updated: May 3, 2016 4:31:18 PM

Tata Motors surged over 3 per cent after the automaker reported 9.9 per cent growth in sales at 39,763 units in April compared with 36,190 in the same month last year.

Tata motors sharesTata Motors surged after the automaker reported 9.9 per cent growth in sales at 39,763 units in April compared with 36,190 in the same month last year.

Tata Motors surged over 3 per cent on Tuesday after the automaker reported 9.9 per cent growth in sales at 39,763 units in April compared with 36,190 in the same month last year.

At 10.44 am, Tata Motors shares were trading 3.04 per cent up at Rs 419.70. The scrip opened at Rs 411.40 and has touched a high and low of Rs 421.85 and Rs 410.60, respectively in trade so far.

Later, the scrip closed 0.54 per cent up at Rs 409.50.

Domestic sales of Tata Motors’ commercial and passenger vehicles rose 11 per cent at 35,978 units during the month as against 32,404 in April 2015.

Sales of passenger vehicles in the domestic market last month stood at 11,161 units as against 10,341 a year ago, up 7.9 per cent, Tata Motors said in a statement.

As for passenger cars, the sales read 5.9 per cent at 9,451 units in April compared with the year-ago period.

In the commercial vehicles segment, the company’s domestic sales came in at 25,138 units, up 13.3 per cent over April 2015, the company said.

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