Tata Motors gains after reporting modest increase in global wholesales for December

Tata Motors rose 1.24% to Rs 526 at 09:16 IST on BSE after the company said its global wholesales rose 8% to 85,742 units in December 2014 over December 2013.

The announcement was made after market hours yesterday, 13 January 2015.

Meanwhile, the BSE Sensex was up 15.71 points, or 0.06%, to 27,441.44

On BSE, so far 10,266 shares were traded in the counter, compared with an average volume of 4.15 lakh shares in the past one quarter.

The stock hit a high of Rs 526.45 and a low of Rs 520.55 so far during the day. The stock hit a record high of Rs 550.80 on 18 November 2014. The stock hit a 52-week low of Rs 331.05 on 4 February 2014.

The large-cap company has an equity capital of Rs 547.34 crore. Face value per share is Rs 2.

Tata Motors after market hours yesterday, 13 January 2015 said that its global wholesales rose 8% to 85,742 units in December 2014 over December 2013. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range rose 4% to 30,597 units in December 2014 over December 2013. Global wholesales of all passenger vehicles rose 11% to 55,145 units in December 2014 over December 2013. Global wholesales of Tata Motors' passenger vehicles rose 29% to 12,183 units in December 2014 over December 2013. Global wholesales for Jaguar Land Rover (JLR) rose 7% to 42,962 units in December 2014 over December 2013.

Tata Motor's consolidated net profit fell 7.1% to Rs 3290.86 crore on 6.5% rise in total income to Rs 60809.13 crore in Q2 September 2014 over Q2 September 2013.

Tata Motors is India's largest automobile company, with consolidated revenues of Rs 2,32,834 crore ($38.9 billion) in 2013-14. 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. It also has an industrial joint venture with Fiat in India. With over 8 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top in passenger vehicles. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, CIS and Russia.

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