Why Tata Motors' Shares Are Jumping On Feb Sales Data

Shares of Tata Motors were flying high on Friday after the company posted robust sales numbers for the month of February, especially for passenger vehicles, including electric cars.

What Happened: In the latest sales report for February, the Tata Group firm sold a total of 86,406 units sold, marking an increase from the 79,705 units sold in the same month last year.

The carmaker’s total passenger vehicle sales report increased 19% year on year, which includes electric vehicles, totaling 51,321 units.

Conversely, total commercial vehicle sales saw a 4% year-on-year decrease, with 35,085 units sold. The heavy commercial vehicle trucks category experienced a 15% decline, while the small commercial vehicle cargo and pickup category dipped by 4%.

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Despite the overall decrease in commercial vehicle sales, passenger carriers recorded a 29% growth year-on-year. The domestic sale of medium & heavy commercial vehicles, including trucks and buses, stood at 16,227 units in February 2024, compared with 17,282 units in February 2023.

The sales for medium & heavy commercial vehicles, including domestic and international business, stood at 16,663 units in February 2024, compared to 17,928 units in February 2023.

Electric vehicle sales, both domestic and international, saw a 30% increase, with 6,923 units sold in February 2024, compared with 5,318 units in the same month the previous year.

Price Action: Tata Motors’ share price was up 2.89% at ₹977.65 on Friday amid strong positive sentiment in the broader market.

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