Tata Motors sales grew by 27% on-year in January 2022; stock skids over 2%

1 Feb 2022 , 02:11 PM

Tata Motors Limited has reported its sales figures for the month of January 2022 for both domestic and international markets which stood at 76,210 units as against 59,866 units for January 2021, a growth of 27% YoY.

The company’s total domestic sales achieved 72,485 units during January 2022, against 57,649 units during January 2021, indicating a growth of 26% on-year.

Its domestic commercial vehicle sales stood at 31,708 units for January 2022 against 30,671 for January 2021, up by 3% YoY. While exports in January 2022 were reported at 3,560 units against 2,145 units during January 2021, registering a growth of 66% YoY.

Total MHCVs sales in January 2022 including M&HCV Truck, Buses, and International Business stood at 10,655 units, as against 9,452 units in January 2021. SCV Cargo and pickup sales remained the highest at 15,829 units during January 2021 against 16,386 units for January 2021, down by 3% YoY.

Tata Motors’ domestic passenger vehicles sales stood 40,777 units for January 2022, against 26,978 units for January 2021, up by 51% YoY.

Tata Motors Ltd is currently trading at Rs506.40 down by Rs11.1 or 2.14% from its previous closing of Rs517.50 on the BSE. The scrip opened at Rs507 and has touched an intraday high and low of Rs514.65 and Rs493.20 respectively.