Tata Motors flat, in spite of impressive auto sales numbers

Tata Motors has come out with stellar sales number for the month of October, reflecting a growth of almost 21 per cent riding on the back of festive demand. The highlight of the auto sales numbers was the export growth at 39 per cent which is in sharp contradiction to that of Maruti Suzuki numbers which has shown de-growth in export numbers.

The best part of the auto sales figures for October is that the growth has been secular for the commercial vehicle and passenger car manufacturer, as the numbers have improved across all segments.

The company sold 52,813 units in the month of October against 43,486 units sold in same period a year ago, suggesting an impressive 19 per cent growth in domestic sales. One of the highlights of the sales numbers is the growth in the passenger vehicles sales numbers, registering a 28 per cent growth by selling 16,311 units which is the highest sales figure in past four years.

The stock shut shop at Rs 530.95, down by Rs 1.40 per share or 0.26 per cent.