New Delhi, Jan 3 (TIWN) The rally in Tata Motors shares continued in the New Year as they rose 3 per cent in the very first session of 2022.

The automaker's shares rose 160% in the past one year period. On Monday, it settled at INR 496.8 apiece.  Notably, automobile manufacturer Tata Motors' passenger vehicles vertical sold more units than Hyundai Motor India in December, and became the second largest seller after Maruti Muzuki during the month.  Tata Motors' total domestic passenger vehicle sales rose by 50% to 35,299 units from 23,545 units off-take in December 2020.  While releasing the sales data for December, Shailesh Chandra, President, Passenger Vehicles Business Unit, Tata Motors, said that the ever-increasing demand for the EV fleet segment was instrumental in driving this steep growth.  According to Manoj Dalmia, Founder and Director at Proficient Equities, investors are recommended to 'Buy on Dips' and INR 520 is seen as a key resistance.  "Once it crosses (Rs 520 levels), there will be further moves towards INR 550," Dalmia said.