#TATAMOTORS share price falling?

Tata Motors recorded its best ever monthly sales in the month of September this year. The company has reported sales of 47,654 units in the PV segment (ICE+ EVs), 85% more than September 2021 sales (25,730 units in this segment).

The company stated that they have seen strong sales in the Nexon, Punch, and EV segments, and the main reasons for this were:

➡️ Introduction of new vehicles – Tiago in the EV segment
➡️ Festive season in India
➡️ Strong demand prevailing in the PV segment

Despite these record numbers in sales, the share fell over 2% on Monday as investors remained worried over a probable recession in Europe that could affect the company’s earnings.

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