Tata Motors Passenger Vehicles Ltd.

BSE: 500570 | NSE: TMPV
Large Cap | Automobiles - Passenger Cars
327.80
-5.95 (-1.78%)
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Tata Motors declines on reporting 9% drop in June sales

Date: 03-07-2017

Tata Motors is currently trading at Rs. 430.00, down by 2.50 points or 0.58% from its previous closing of Rs. 432.50 on the BSE.

The scrip opened at Rs. 433.70 and has touched a high and low of Rs. 433.70 and Rs. 426.65 respectively. So far 143488 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 598.60 on 07-Sep-2016 and a 52 week low of Rs. 417.10 on 08-May-2017.

Last one week high and low of the scrip stood at Rs. 446.50 and Rs. 426.65 respectively. The current market cap of the company is Rs. 124877.82 crore.

The promoters holding in the company stood at 34.73%, while Institutions and Non-Institutions held 38.72% and 8.19% respectively.

Tata Motors passenger and commercial vehicles total sales (including exports) in June 2017 were at 40,358 vehicles, lower by 9% over 44,525 vehicles sold in June 2016. The company’s domestic sales of Tata commercial and passenger vehicles for June 2017 were at 36,854 vehicles, lower by 5% over 38,718 vehicles sold in June 2016. This was on account of mixed consumer sentiments in June 2017 towards the implications of GST which have impacted the passenger vehicles business sales.

Tata Motors Commercial Vehicles domestic business reported sales of 25,678 units, lower by 2% over June 2016 but continues to grow month-on-month on the back of ramp up of BS4 production, across segments. The company’s sales from exports were at 3,504 units in June 2017, a decline of 40% compared to 5,807 vehicles sold in June 2016 owing to supply constraints.

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.