InvestorQ : Why has Tata Motors been rallying so sharply in the last few days in the stock markets?
Tisha Malhotra made post

Why has Tata Motors been rallying so sharply in the last few days in the stock markets?

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Aashna Tripathi answered.
4 months ago
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Tata Motors has gained nearly 25% in the last 3 days in the midst of buzz that there could be a partnership with Tesla to market their cars in India and also on the back of encouraging JLR sales numbers. For the Dec-20 quarter, JLR had reported sales of 128,469 vehicles, which is a growth of 13.1% on a sequential basis but lower on yoy basis. China sales grew 20.2%.

Apart from China, North America grew 31.7% and Europe at 20.5%. Even domestic sales of Tata Motors in India were up 21% on a yoy basis. There were also several news items of a possible MOU between Tesla and Tata Motors to manufacture and sell its vehicles in India using Tata facilities. The suggestion was that Tesla would make India a hub. Tata has been working on EV infrastructure for quite some time now.

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