India’s passenger EV market will hot up in next 3-4 years
Currently Tata Motors held over two-thirds of the country's EV market, but Mahindra & Mahindra and BYD are emerging players in the Indian market.
Shares of automobile giant, Tata Motors rose to over a three-month high tracking record high with 16 per cent on Tuesday.
Company’s stock continued to increase after the automobile giant reported its earnings for the quarter ended on September 30, reports stated.
During the intraday trade (1235 hours) the shares of Tata Motors on the National Stock Exchange (NSE) rose as much as 13.57 to Rs 167.75. Earlier, it had touched the benchmark of 16.05 per cent to Rs. 171.40 apiece—a mark last seen on July 17.
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On the Bombay Stock Exchange (BSE), Tata Motors shares were running at 13.38 per cent with Rs 167.75 per share. Earlier in the day, the shares had touched an increase of 15.11 per cent from previous close Rs 147.95.
During the after market hours on Friday, in a regulatory filing, Tata Motors reported a consolidated net loss of Rs. 217 crore in the quarter ended September 30. The results were better than the Street had estimated i.e. Rs. 1,049 crore.
(With input from agencies)
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