Tata Motors Stock Soars on Big Electric Vehicle Move

Auto stock Tata Motors (NYSE: TTM) jumped on Tuesday, trading up 13.4% as of 2:45 p.m. EDT. Earlier in the day, shares of India's automotive bellwether hit 52-week highs on India's National Stock Exchange on the back of two big announcements.

Tata Motors released surprisingly strong global wholesale numbers for its second quarter of fiscal 2022 on Oct. 11:

Jaguar Land Rover was a chink in Tata Motors' numbers, but the company had already warned of lower sales in the wake of the ongoing global semiconductor chip shortage that has hit automakers across the board.

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Source Fool.com