Tata Motors inches up after September sales

Tata Motors rose 0.69% at Rs 506.20 at 9:17 IST on BSE after the company said its total sales (including exports) of Tata commercial and passenger vehicles declined 8% to 46,118 units in September 2014 over September 2013.

The sales numbers were announced after market hours on Wednesday, 1 October 2014.

Meanwhile, the S&P BSE Sensex was down 45.78 points or 0.17% at 26,522.21.

On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 3.98 lakh shares in the past two weeks.

The stock hit a high of Rs 506.70 and a low of Rs 501 so far during the day.

Tata Motors' domestic sales of Tata commercial and passenger vehicles declined 11% to 40,874 units in September 2014 over September 2013. The company's sales of commercial vehicles in the domestic market fell 13% to 28,943 units in September 2014 over September 2013. LCV sales declined 24% to 18,539 units in September 2014 over September 2013. Sales of M&HCV rose 18% to 10,404 units in September 2014 over September 2013. Sales of passenger vehicles fell 7% to 11,931 units in September 2014 over September 2013. Sales of passenger cars remained flat at 9,766 units. Sales of utility vehicles declined 30% to 2,165 units in September 2014 over September 2013. Exports rose 18% to 5,244 units in September 2014 over September 2013.

Tata Motors reported 212.7% jump in consolidated net profit to Rs 5398.21 crore on 37.2% growth in net sales to Rs 64150.74 crore in Q1 June 2014 over Q1 June 2013.

Tata Motors is India's largest automobile company, with consolidated revenues of Rs 232834 crore ($38.9 billion) in 2013-14. It is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fifth largest truck manufacturer and fourth largest bus manufacturer.

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