Tata Motors falls after declaring June monthly sales

Tata Motors fell 0.72% to Rs 441.60 at 09:25 IST on BSE after the company reported 6% rise in its total commercial and passenger vehicles sales (including exports) to 40,870 units in June 2015 over June 2014.

The announcement was made after market hours yesterday, 1 July 2015.

Meanwhile, the S&P BSE Sensex was down 23.49 points or 0.08% at 27,997.38

On BSE, so far 39,186 shares were traded in the counter as against average daily volume of 5.72 lakh shares in the past one quarter.

The stock hit a high of Rs 446.20 and a low of Rs 440 so far during the day. The stock had hit a record high of Rs 605.57 on 3 February 2015. The stock had hit a 52-week low of Rs 418 on 12 June 2015.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Tata Motors said that domestic sales of Tata commercial and passenger vehicles rose 3% to 35,823 units in June 2015 over June 2014. Sales of Tata Motors passenger vehicles rose 30% to 10,281 units in June 2015 over June 2014. In the commercial vehicles, sales of medium & heavy commercial vehicles (M&HCV) rose 18% to 11,450 units in June 2015 over June 2014. Sales of light & small commercial vehicles (L&SCV) dropped 18% to 14,092 units in June 2015 over June 2014. The company's sales from exports rose 32% to 5,047 units in June 2015 over June 2014.

Tata Motors' consolidated net profit declined 56.2% to Rs 1716.50 crore on 4% growth in net sales to Rs 67297.99 crore in Q4 March 2015 over Q4 March 2014.

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.

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