Tata Motors speeds drive on selling 41,734 vehicles in December

Tata Motors is currently trading at Rs. 516.40, up by 18.15 points or 3.64 % from its previous closing of Rs. 498.25 on the BSE.

The scrip opened at Rs. 496.50 and has touched a high and low of Rs. 516.40 and Rs. 496.50 respectively. So far 213195 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 550.80 on 18-Nov-2014 and a 52 week low of Rs. 331.05 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 499.75 and Rs. 479.50 respectively. The current market cap of the company is Rs. 140530.22 crore.

The promoters holding in the company stood at 34.33 % while Institutions and Non-Institutions held 37.13 % and 7.28 % respectively.

Tata Motors’ total sales including exports of Tata commercial and passenger vehicles in December 2014 were 41,734 vehicles, a growth of 10% over 37,836 vehicles, sold in December 2013. The company’s domestic sales of Tata commercial and passenger vehicles for December 2014 were 37,776 units, a growth of 8% over 35,010 vehicles, sold in December 2013. Cumulative sales (including exports) for the company for the fiscal are 362,995 units, lower by 17% over 435,079 vehicles, sold last year. While market continues to remain challenged by macroeconomic trends, segments such as M&HCV showed a 62% growth year-on-year. Other segments such as Passenger Cars continue to show positive growth of 52% and Exports have grown in December 2014 by 40%, over last year.

In December 2014, Tata Motors passenger vehicles recorded sales 12,040 units, a growth of 30%, compared to 9,272 units, sold in December 2013. The trend of growth in passenger vehicles continued - with the strong Zest and Nano sales. While the sales of the passenger cars in December 2014 were at 9,956 units, higher by 52%, over December 2013, the UV sales declined by 24% at 2,084 units, in December 2014. Cumulative sales of all passenger vehicles in the domestic market for the fiscal are 92,227 units, lower by 11% over last year.

The company’s sales of commercial vehicles in December 2014 in the domestic market at 25,736 units, remained flat. LCV sales were 13,298 units, a decline of 26% over December 2013, while M&HCV sales continued to show growth at 12,438 units, which is higher by 62%, over December 2013. Cumulative sales of commercial vehicles in the domestic market for the fiscal stood at 234,142 units, lower by 21% over last year. Cumulative LCV sales was 145,425 vehicles, a decline of 32% over last year, while M&HCV sales at 88,717 vehicles, were higher by 10%, over last year.

The company’s sales from exports were 3,958 units in December 2014, grew by 40% compared to 2,826 vehicles in December 2013. The cumulative sales from exports for the fiscal at 36,626 units, grew marginally by 1%, over last year.