Tata Motors‘ September sales could see a jump compared to last year’s and August’s volumes, as per a Nuvama research note.

What Happened: In a preview note on the automobile sector, Nuvama Institutional Equities said that auto sector volumes are likely to be a mixed bag, seeing growth in two-wheeler and tractor sales and a decline in passenger and commercial vehicle segments.

The brokerage firm expects Tata Motors’ passenger vehicle segment to see an 11% year-on-year jump in sales to 50,350 units. It expects the commercial vehicle segment to decline around 10% to 35,150 units in September.

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Total sales are also expected to inch up slightly to 85,500 in September, according to Nuvama.

In contrast, analysts at Yes Securities expect a 7% dip in total sales at 78,300 units. Tata Motors has been seeing a decline in its sales for the past few months.

Tata Motors' sales had missed the street estimates in August. The auto major’s total sales dipped around 8% in August to 71,693 units, compared with 78,010 units in the same month last year.

Total domestic sales dropped by 8% to 70,006 units in August from 76,261 units a year ago. The numbers were lower than Nuvama’s estimate of 75,500 units.

Price Action: Tata Motors' share price was up 3.37% to close at ₹1,161.85 on Tuesday.

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