Tata Motors gains on selling 37,525 vehicles in May

Tata Motors is currently trading at Rs. 422.00, up by 0.90 points or 0.21% from its previous closing of Rs. 421.10 on the BSE.

The scrip opened at Rs. 417.00 and has touched a high and low of Rs. 423.85 and Rs. 416.15 respectively. So far 258671 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 464.20 on 16-May-2014 and a 52 week low of Rs. 263.10 on 27-Jun-2013.

Last one week high and low of the scrip stood at Rs. 450.90 and Rs. 407.05 respectively. The current market cap of the company is Rs. 115297.72 crore.

The promoters holding in the company stood at 34.33% while Institutions and Non-Institutions held 36.89% and 7.53% respectively.

Tata Motors’ total sales including exports of Tata commercial and passenger vehicles in May 2014 were 37,525 vehicles, a decline of 24% over 49,304 vehicles sold in May 2013. The company’s domestic sales of Tata commercial and passenger vehicles for May 2014 were 34,334 units, 24% decline over 45,430 units sold in May last year. Cumulative sales including exports for the company for the fiscal are 71,417 units, lower by 29% over 100,483 units, sold last year.

Besides, the company’s sales of commercial vehicles in May 2014 in the domestic market were 25,104 units, a 27% decline compared to 34,296 vehicles sold in May last year. LCV sales were 15,991 vehicles, a decline of 34% over May last year, while M&HCV sales stood at 9,113 units, a decline of 10% over May last year. The cumulative sales of commercial vehicles in the domestic market for the fiscal stood at 48,333 units, lower by 31% over last year. Cumulative LCV sales was 30,795 units, a decline of 39% over last year, while M&HCV sales stood at 17,538 units, lower by 13% over last year.

Besides, sales of passenger vehicles for May 2014 were at 9,230 units, lower by 17% over 11,134 vehicles sold in May 2013. Sales of the Nano/ Indica/ Indigo range in May 2014 were 6,932 units, lower by 22% over 8,927 vehicles sold in May 2013. The Sumo/ Safari/ Aria/ Venture range sales were 2,298 units, a growth of 4% over 2,207 units, sold in May last year.

Cumulative sales of passenger vehicles in the domestic market for the fiscal are 16,671 units, lower by 27% over last year. Cumulative sales of the Nano/ Indica/ Indigo range this fiscal was 12,585 units, lower by 29% over 17,845 vehicles sold, over last year. The Sumo/ Safari/ Aria/ Venture range sales stood at 4,086 units, 16% decline over 4,859 units, sold last year.

Further, the company’s sales from exports were 3,191 units in May 2014, registered a decline of 18% compared to 3,874 vehicles in May last year. The cumulative sales from exports for the fiscal at 6,413 units, was lower by 14% over 7,439 units, over last year.