Tata Motors rose 0.82% to Rs 476 at 09:55 IST on BSE after total commercial and passenger vehicles sales including exports rose 5% to 39,496 units in May 2015 over May 2014.
The company announced the sales data after market hours yesterday, 1 June 2015.
Meanwhile, the S&P BSE Sensex was down 157.25 points or 0.56% at 27,691.74
On BSE, so far 66,390 shares were traded in the counter as against average daily volume of 4.29 lakh shares in the past one quarter.
The stock hit a high of Rs 478.20 and a low of Rs 473.20 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 402.74 on 30 May 2014.
The large-cap company has an equity capital of Rs 577.44 crore. Face value per share is Rs 2.
Domestic sales of Tata commercial and passenger vehicles for May 2015 were at 34,818 units, unchanged from May 2014. Sales of Tata Motors passenger vehicles rose 21% to 11,138 units in May 2015 over May 2014. The growth trend was driven by the cars segment, specifically the new launches of Zest and Bolt and with positive early response to the new GenX Nano, Tata Motors said. The sales of the passenger cars rose 32% to 9,176 units in May 2015 over May 2014. The UV sales fell 15% to 1,962 units in May 2015 over May 2014. In the commercial vehicles, M&HCV sales rose 17% to 10,788 units in May 2015 over May 2014. The light & small commercial vehicle sales dropped 19% to 12,892 units in May 2015 over May 2014, reflecting the industry decline. These impacted the overall commercial vehicles sales for the company in the domestic market which dropped 6% to 23,680 units in May 2015 over May 2014. Exports rose 47% to 4,678 units in May 2015 over May 2014.
Tata Motors' consolidated net profit declined 56.2% to Rs 1716.50 crore on 3.4% increase in total income to Rs 67821.21 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.
Powered by Capital Market - Live News
