Tata Motors gains on robust Jan passenger vehicle sales

Shares of Tata Motors were up 1.7% at Rs 602 on the back of robust passenger vehicle sales during January 2015.

Sales of passenger vehicles in the domestic market in January stood at 13,047 units, up 18.89% from 10,974 units in January 2014.

Domestic sales of Tata commercial and passenger vehicles grew by 5.35% at 38,621 units as compared to 36,657 units in January 2014, Tata Motors said in a BSE filing.

Exports during the month stood at 3,961 units, up 3.58% as against 3,824 units in the year-ago month.

The stock opened at Rs 597 and touched a high of Rs 605. At 9:55AM, over 1.2 million shares were traded on both the stock exchanges.