Tata Motors drops on fall in global sales in December

The announcement was made after market hours on Tuesday, 15 January 2013.

Meanwhile, the BSE Sensex was down 9.59 points or 0.05% at 19,977.23

On BSE, 1.51 lakh shares were traded in the counter as against average daily volume of 11.56 lakh shares in the past one quarter.

The stock hit a high of Rs 329.90 and a low of Rs 325.70 so far during the day. The stock had hit a record high of Rs 337.05 on 10 January 2013. The stock had hit a 52-week low of Rs 202.95 on 26 July 2012.

The stock had outperformed the market over the past one month till 15 January 2013, surging 13.31% compared with the Sensex's 3.47% rise. The scrip had also outperformed the market in the past one quarter, gaining 22.80% as against Sensex's 6.8% rise.

The large-cap company has equity capital of Rs 637.95 crore. Face value per share is Rs 2.

Tata Motors' cumulative wholesales rose 1.8% to 881,009 units in fiscal 2012 over fiscal 2011. Global wholesales of all passenger vehicles fell 23.16% to 46,925 units in December 2012 over December 2011. Cumulative wholesales of all passenger vehicles for the fiscal were 444,769 units.

Tata Motors' global wholesales of all commercial vehicles - Tata, Tata Daewoo and the Tata Hispano Carrocera range - were 52,043 units, in December 2012. Cumulative wholesales of all commercial vehicles for the fiscal were at 436,240 units.

Global wholesales of Tata passenger vehicles were at 14,643 units, for the month while cumulative wholesales for the fiscal stood at 189,047 units.

Global wholesales for Jaguar Land Rover in the month of December 2012 were 32,282 vehicles. Jaguar wholesales for the month were 5,444 and cumulative wholesales were 36,649 vehicles, while Land Rover wholesales for the month were 26,838 and cumulative wholesales were 219,073 vehicles. Cumulative wholesales for Jaguar Land Rover for the fiscal were 255,722 vehicles.

Tata Motors' consolidated net profit rose 10.5% to Rs 2074.73 crore on 19.1% growth in net sales to Rs 42818.90 crore in Q2 September 2012 over Q2 September 2011.

Tata Motors is India's largest automobile company, with consolidated revenues of Rs. 1,65,654 crore ($32.5 billion) in 2011-12. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, Spain and South Africa. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 7.5 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck and bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America.

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