TTM - Tata Motors stock gains as July sales rise 51% Y/Y
- Tata Motors ( NYSE: TTM ) shares rose over 7% on Monday after the automaker reported sales growth of 51% year-over-year for July 2022.
- The Indian automobile maker sold 81,790 vehicles in the domestic and international market during the month, compared to 54,119 units sold during July 2021.
- Total domestic sales grew 52% Y/Y to 78,978 units, with commercial vehicle sales up 44% Y/Y to 31,473 units and passenger vehicles sales +57% Y/Y to 47,505 unit.
- Domestic sale of MH&ICV, including trucks and buses, stood at 12,012 units, compared to 7,813 units in July 2021.
- Total sales for MH&ICV (domestic & international business), including trucks and buses, stood at 12,974 units, compared to 8,749 units in July 2021.
- Take a look at the firm's recent quarterly performance
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Tata Motors stock gains as July sales rise 51% Y/Y