The early trading on Monday saw a substantial year-over-year (YoY) increase in Tata Motors' global wholesales in Q4FY23, which helped the company's shares rise over 8%.
The stock went up 6% to Rs 463.85 at 9:25 am on the NSE.
Due to Good Friday, trading on the Indian equity markets was suspended on Friday.
According to the company's statement with the exchanges, global wholesales were 3,61,361 units for the quarter ending March 31, 2023, an 8% increase over FY22. According to the company's statement with the exchanges, global wholesales were 3,61,361 units for the quarter ending March 31, 2023, an 8% increase over FY22. The company's hallmark Jaguar Land Rover vehicle sales were also included in the global wholesales.
According to the exchange report, Tata Motors' global wholesale passenger vehicle sales were 135,654 in Q4 FY23, up 10% from Q4 FY22. 107,386 automobiles were sold at wholesale prices worldwide by Jaguar Land Rover. Land Rover sold 91,887 vehicles at wholesale during the quarter compared to 15,499 vehicles for Jaguar.
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