Tata Motors rallies 11% as domestic PV sales nearly double in Jan

Shares of Tata Motors rallied 11 per cent to Rs 311 on the BSE in Tuesday's intra-day trade after the company retained positive momentum and reported a 15 per cent month-on-month (MoM) and 94 per cent year-on-year (YoY) growth in domestic passenger vehicles (PV) sales at 26,978 units during the month January 2021. 

The stock of Tata group commercial vehicles (CVs) company was trading at its highest level since June 2018.

Total CVs sales during the month remained flat at 32,909 units on MoM basis while declined 3 per cent on a YoY basis. Tata Motors total sales in the domestic &