Shares of Tata Motors rose 2% in Monday’s trade after the Tata group reported a 14% year-on-year rise in its total vehicle sales in the December quarter. Domestic sales rose 10% to 72,997 vehicles in the quarter from 66,307 a year earlier. In the December quarter, sales rose 17.7% year-on-year to 223,001 vehicles, compared with 189,531 vehicles a year earlier.

Total sales (domestic and international) for the December quarter were 228,169 units, up 14.29% from 199,634 units in the same period last year.

Shares rose 1.83% to hit a high of Rs 395.20 on the BSE following the sales data release. Still, the stock has fallen nearly 10% in the last month.

Tata Motors’ domestic, commercial vehicle sales in Q3FY23 were 91,704 units, up 1.3% year-on-year, said Tata Motors executive director Girish Wagh.

Tata Motors PV has posted its highest quarterly and monthly retail sales in the third quarter and December of FY2023, respectively.