Tata Motors falls on reporting 49% decline in domestic sales in August

03 Sep 2019

Tata Motors is currently trading at Rs. 112.90, down by 3.85 points or 3.30% from its previous closing of Rs. 116.75 on the BSE.

The scrip opened at Rs. 111.65 and has touched a high and low of Rs. 114.40 and Rs. 111.40 respectively. So far 1226676 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 282.00 on 10-Sep-2018 and a 52 week low of Rs. 106.20 on 22-Aug-2019.

Last one week high and low of the scrip stood at Rs. 124.05 and Rs. 106.90 respectively. The current market cap of the company is Rs. 32612.60 crore.

The promoters holding in the company stood at 38.37%, while Institutions and Non-Institutions held 35.51% and 14.96% respectively.

Tata Motors’ Commercial and Passenger Vehicles Business sales in the domestic market in August 2019 witnessed a drop of 49% at 29,140 units, as against 57,210 units sold in August 2018.

Tata Motors Commercial Vehicles (CV) Business sales in the domestic market in August 2019, at 21,824 units registered a drop of 45% compared to 39,859 units sold last August as the market continues to exhibit subdued demand sentiment due to poor freight availability, lower freight rates and general slowdown in economy.

The M&HCV sales in the domestic market in August 2019 declined by 58%, at 5,340 units. I&LCV truck segment sales in August 2019 at 3,152 units dropped by 40% over last August. The SCV and pickup segment registered sales at 11,082 units in August 2019, a drop of 36% over last August. The commercial passenger carrier segment August 19 sales at 2,250 units registered a drop of 50% over August 2018.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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