Tata Motors fell 0.57% to Rs 412.35 at 9:32 IST on BSE after the company's total sales, including exports, of Tata commercial and passenger vehicles fell 34% to 33,892 vehicles in April 2014 over April 2013.
Tata Motors announced sales figures after market hours on Friday, 2 May 2014.
Meanwhile, the BSE Sensex was up 108.24 points, or 0.48%, to 22,512.13.
On BSE, so far 40,000 shares were traded in the counter, compared with an average volume of 5.30 lakh shares in the past one quarter.
The stock hit a high of Rs 413.80 and a low of Rs 409 so far during the day. The stock hit a 52-week high of Rs 437.70 on 11 April 2014. The stock hit a 52-week low of Rs 263.10 on 27 June 2013.
The stock had outperformed the market over the past one month till 2 May 2014, rising 0.28% compared with the Sensex's 0.65% decline. The scrip had also outperformed the market in past one quarter, rising 18.54% as against Sensex's 9.21% rise.
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The large-cap company has an equity capital of Rs 643.72 crore. Face value per share is Rs 2.
Tata Motors' domestic sales of Tata commercial and passenger vehicles declined 36% to 30,670 units in April 2014 over April 2013. The company's sales of commercial vehicles in the domestic market fell 36% to 23,229 units in April 2014 over April 2013.
Light commercial vehicle (LCV) sales fell 43% to 14,804 units in April 2014 over April 2013, while medium and heavy commercial vehicle (M&HCV) sales declined 16% to 8,425 units in April 2014 over April 2013. Sales of passenger vehicles were lower by 36% to 7,441 units in April 2014 over April 2013.
Sales of the Nano/Indica/Indigo range were down 37% to 5,653 units in April 2014 over April 2013. The Sumo/Safari/Aria/Venture range sales fell 33% to 1,788 units in April 2014 over April 2013. The company's sales from exports registered a decline of 10% to 3,222 units in April 2014 over April 2013.
On a consolidated basis, Tata Motors' net profit surged 195.2% to Rs 4804.80 crore on 38.4% increase in total income to Rs 64034.30 crore in Q3 December 2013 over Q3 December 2012.
Tata Motors is India's largest automobile company, with consolidated revenues of Rs 188818 crore in 2012-13. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 8 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 fifth largest truck manufacturer and fourth largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, CIS and Russia.
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