Tata Motors decline due to poor sales no.s

May 2, 2012 by gunapriya_ifb

The stocks of Tata Motors were trading lower after the company reported 7% decline in sales during April at 60,086 vehicles over a year.

The sales of Passenger vehicles plunged 7% to 23,658 units in the domestic market from 25,436 units in the same period of the last year.

Nano car sales dipped 20% to 8,028 units from 10,012 over a year. Meanwhile, Indica sales surged 63% to 6,913 units in April 2012 from 4,250 units in the same month of the last year.

In the commercial vehicles segment has recorded a plunge of 6% to 34,647 units in April 2012 from 36,738 units sold in the year earlier period. Light Commercial Vehicles sales increased 9% to 24,818 units, while Medium and heavy commercial vehicle sales surged 29% to 9,829 units on a yearly basis. In April, the exports plunged 35% to 2,781 units.

The stock was trading 2.43% to Rs.309.05 per share during the last trade on BSE. The scrip has touched a day high of Rs.313 per share and a day low of Rs.305.25 per share in the trade so far.