Meanwhile, the S&P BSE Sensex was down 207.70 points or 1.12% at 18,334.50.
On BSE, 31,000 shares were traded in the counter as against average daily volume of 10.06 lakh shares in the past two weeks.
The stock hit a high of Rs 276.70 and a low of Rs 272 so far during the day.
Shares of Tata Motors had rallied 8.95% in four trading sessions to settle at Rs 278.15 on Thursday, 11 April 2013, from a recent low of Rs 255.30 on 5 April 2013.
Tata Motors' British luxury car unit -- Jaguar Land Rover (JLR) on Wednesday, 10 April 2013, said its global sales rose 16% to a record 53,772 units in March 2013 over March 2012. JLR's global sales rose 17% to a record 115,504 units in Q1 March 2013 over Q1 March 2012. Jaguar's sales surged 28% at 9,856 units in March 2013 over March 2012. Jaguar's sales jumped 31% to 20,210 units in Q1 March 2013 over Q1 March 2012. Land Rover's sales rose 14% to a record 43,916 units in March 2013 over March 2012. Sales rose 15% to a record 95,294 units Q1 March 2013 over Q1 March 2012.
Tata Motors' consolidated net profit declined 52.2% to Rs 1627.50 crore on 1.4% growth in net sales to Rs 45821.31 crore in Q3 December 2012 over Q3 December 2011.
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Tata Motors is an automobile major. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, Spain, South Africa and Indonesia. Among them is Jaguar Land Rover (JLR), the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 7.5 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top in passenger vehicles. It is also the world's fourth largest truck and bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America.
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