Tata Motors achieves 50% jump in sales in June
Also the Shares of Tata Motors added 3 percent in the opening trade on Monday after stellar June month sales numbers. However, for the first quarter (April-June) its sales increased by 65 percent at 1,64,579 units on the back of strong month on month (MOM) sales performance of its commercial and passenger vehicles business in the domestic market.
In FY19, the company has embarked on a turnaround 2.0 journey, with 3 clear objectives viz. Win Decisively in CV, win sustainably in PV and embed the turnaround culture within the organisation, company said in release. The company’s commercial vehicles (CV) domestic sales rose 50 percent at 38,560 units against 25,660 units last year. Its passenger vehicles (PV) domestic sales in June 2018 has recorded 63 percent jump to 18,213 units. As per Stock Exchange data, at 09:29 hrs Tata Motors was quoting at Rs 274.75, up Rs 5.45, or 2.02 percent on the BSE.
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