Tata Motors was down 2.4% to Rs 364 in early morning deals on the BSE after reporting a 42.28% year-on-year decline in its total vehicle sales at 37,852 units in December 2013. The company had sold 65,582 units in the same month last year.
The stock was the largest loser among 30-share S&P BSE Sensex index. The benchmark index was down 0.27% at 20,831 points at 0935 hours.
Tata Motors said the company’s sales of commercial vehicles declined by 45.83% to 25,738 units in the domestic market during the month compared to 47,515 units in the corresponding month previous year.
Total passenger vehicle sales in the domestic market stood at 9,272 units in December, down 34.63% from 14,185 units in the same month previous year, it added.
The stock was the largest loser among 30-share S&P BSE Sensex index. The benchmark index was down 0.27% at 20,831 points at 0935 hours.
Tata Motors said the company’s sales of commercial vehicles declined by 45.83% to 25,738 units in the domestic market during the month compared to 47,515 units in the corresponding month previous year.
Total passenger vehicle sales in the domestic market stood at 9,272 units in December, down 34.63% from 14,185 units in the same month previous year, it added.