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04-Dec2017

Tata Motors gains on reporting domestic sales growth of 58% in November

Tata Motors is currently trading at Rs. 406.90, up by 7.75 points or 1.94% from its previous closing of Rs. 399.15 on the BSE.

The scrip opened at Rs. 408.00 and has touched a high and low of Rs. 408.50 and Rs. 403.45 respectively. So far 163074 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 553.00 on 27-Jan-2017 and a 52 week low of Rs. 357.95 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 424.90 and Rs. 396.75 respectively. The current market cap of the company is Rs. 117486.21 crore.

The promoters holding in the company stood at 36.37%, while Institutions and Non-Institutions held 37.88% and 8.94% respectively.

Tata Motors has reported strong sales numbers in November 2017 continuing its turnaround trend of the past few months. The Commercial and Passenger Vehicles sales performance in domestic market in November 2017 was 52,464 units, a growth of 58%, over last year due to growing demand across segments, introduction of new products and strong customer initiatives.

Tata Motors' Commercial Vehicles sales in domestic market in November 2017 were at 35,307 units, a growth of 72% compared to 20,538 units in November 2016. The cumulative sales performance of commercial vehicles in domestic market, grew by 11.5%, over last year and continues to grow month on month. The M&HCV trucks segment was at 12,851 units, higher by a strong 88%, over last year led by the sustained increase in production as well as the strong customer acceptance of the superior range of Tata Motors' BS4 vehicles.

In November 2017, Tata Motors Passenger Vehicles sales performance was at 17,157 units, growth of 35%, over last year. Cumulative sales growth of Passenger Vehicles in the domestic market for the fiscal (April-Nov 2017) were at 115,049 units, a growth of 13% percentage, compared to 101,712 units, in the same period last fiscal.

The company's sales from exports stood at 4,927 units in November 2017, a decline of 12%, due to drop in volumes in key Commercial Vehicles International Business markets such as Nepal and Sri Lanka.


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