Tata Motors lost 0.05% to Rs 420.90 at 10:24 IST on BSE after the company said its total sales (including exports) of Tata commercial and passenger vehicles fell 24% to 37,525 vehicles in May 2014 over May 2013.
The sales numbers were announced after market hours on Monday, 2 June 2014.
Meanwhile, the S&P BSE Sensex was up 58.23 points or 0.24% at 24,743.08.
On BSE, so far 1.38 lakh shares were traded in the counter as against average daily volume of 4.62 lakh shares in the past two weeks.
The stock was volatile. The stock lost as much as 1.17% at the day's low of Rs 416.15 so far during the day. The stock rose as much as 0.39% at the day's high of Rs 422.75 so far during the day.
Tata Motors' domestic sales of Tata commercial and passenger vehicles fell 24% to 34,334 units in May 2014 over May 2013. The company's sales of commercial vehicles fell 27% to 25,104 units in May 2014 over May 2013. The company's sales from exports fell 18% to 3,191 units in May 2014 over May 2013.
Tata Motors after trading hours on Monday, 2 June 2014, said that Mr Ravi Kant has retired as Non-Executive Vice Chairman from the company's board of directors on 31 May 2014 on attaining the age of 70 as per the company's retirement policy. The board of directors placed on record their appreciation of Mr Kant's contribution during his tenure with the company including as Managing Director for the period 29 July 2005 to 1 June 2009 and thereafter in his capacity as Non-Executive Vice Chairman, Tata Motors said in a statement.
Tata Motors' consolidated net profit declined 0.68% to Rs 3918 crore on 16.6% growth in revenue to Rs 65317 crore in Q4 March 2014 over Q4 March 2013.
Tata Motors 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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