Tata Motors gains after declaring good sales in January

Tata Motors rose 1.37% to Rs 343 at 09:21 IST on BSE after the total sales rose 10% at 47,034 vehicles in January 2016 over January 2015.

The announcement was made by the company after market hours yesterday, 1 February 2016.

Meanwhile, the BSE Sensex was up 44.95 points, or 0.18% to 24,869.78

On BSE, so far 41,538 shares were traded in the counter, compared with an average volume of 6.89 lakh shares in the past one quarter. The stock hit a high of Rs 344.60 and a low of Rs 342 so far during the day. The stock hit a record high of Rs 605.57 on 3 February 2015. The stock hit a 52-week low of Rs 279.15 on 29 September 2015.

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

Tata Motors said total sales of Tata Motors passenger and commercial vehicles rose 10% at 47,034 vehicles in January 2016 over January 2015. The domestic sales of Tata commercial and passenger vehicles rose 7% at 41,398 units in January 2016 over January 2015. In commercial vehicles, medium & heavy commercial vehicles (M&HCV) sales grew 30% at 14,693 units in January 2016 over January 2015. The light & small commercial vehicle sales rose 12% at 15,977 units in January 2016 over January 2015. The overall commercial vehicles sales for Tata Motors in the domestic market rose 20% at 30,670 units in January 2016 over January 2015. This significant increase has been enabled by light commercial vehicles (LCV) growth supplementing the already prevailing M&HCV growth, Tata Motors said. This is the second consecutive month of growth in LCVs, after many months, and if sustained, could see return of growth in this segment, albeit on a low base, the company said.

Tata Motors passenger vehicles sales fell 18% at 10,728 units in January 2016 over January 2015. The company's sales from exports rose 42% to 5,636 units in January 2016 over January 2015.

On consolidated basis, Tata Motors reported net loss of Rs 429.76 crore in Q2 September 2015 compared with net profit of Rs 3290.86 crore in Q2 September 2014. Net sales rose 1.1% to Rs 60853.03 crore in Q2 September 2015 over Q2 September 2014.

Tata Motors is a market leader in commercial vehicles in India. The company's British unit Jaguar Land Rover sells premium luxury cars.

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