Tata Motors Share Price: Tata Motors has made a new record of vehicle sales in the festive season this year. Sports Utility Vehicles (SUV’s) have recorded their highest ever monthly retail sales due to strong demand. Tata Motors Passenger Vehicles Managing Director Shailesh Chandra The motor vehicle manufacturer’s retail sales in November stood at around 53,000 units. The figures given by the company are eight percent more in the month of October. Whereas, it is 30 percent more than November 2022. It is being told that the facelifted Nexon, Harrier, Safari and ICNG range have gained a lot of popularity. Due to this, the sales of Tata Motors have increased. After this news, the company’s shares were trading at Rs 720 with a rise of 0.64 percent i.e. Rs 4.60 at 1.30 pm. At the same time, let us tell you that in the last one year, the investors of the company have got a profit of 72.04 percent i.e. Rs 301.40.
How was the company’s performance?
There was sluggishness in the Indian stock market on Wednesday. Around 2 pm, the Sensex was trading at 69,432.41, down 0.17 percent or 118.6 points. Even after this, there was a rise in the shares of Tata Motors. In the last 52 weeks, the company’s shares have reached a maximum level of Rs 727.60. Whereas, during this period the minimum has fallen till Rs 375.20. This morning the shares of the company opened at Rs 716. Which went up to Rs 721.15 during the day’s trading. However, during the same period, the company’s shares fell below the opening level to 713.50. In the last five trading days, the company’s shares have seen a rise of 0.31 percent i.e. Rs 2.25.
Company did tie-up with HDFC
Earlier this month, Tata Motors partnered with HDFC Bank to provide digital finance solutions to its commercial vehicle customers. According to the statement issued by the company, both the companies have signed a Memorandum of Understanding (MOU) in this regard. Under this partnership, HDFC Bank will provide finance solutions for all types of commercial vehicles of Tata Motors. This solution will be available digitally, which will help customers get loans easily and quickly. Under the partnership, HDFC Bank will also provide support to Tata Motors dealers. Dealers can help customers apply for loans using HDFC Bank’s digital platform and speed up the processing process.