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Tata Motors falls on reporting 34% decline in domestic sales in July

Tata Motors is currently trading at Rs. 128.65, down by 0.85 points or 0.66% from its previous closing of Rs. 129.50 on the BSE.

The scrip opened at Rs. 128.90 and has touched a high and low of Rs. 130.90 and Rs. 126.80 respectively. So far 606044 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 282.00 on 10-Sep-2018 and a 52 week low of Rs. 126.80 on 02-Aug-2019.

Last one week high and low of the scrip stood at Rs. 148.50 and Rs. 126.80 respectively. The current market cap of the company is Rs. 37376.73 crore.

The promoters holding in the company stood at 38.37%, while Institutions and Non-Institutions held 35.51% and 14.96% respectively.

Tata Motors’ Commercial and Passenger Vehicles Business sales in the domestic market has witnessed a drop of 34% at 32,938 units compared to 50,100 units sold over last year as subdued demand continued in July 2019. The cumulative sales for the domestic market (April 2019 – July 2019) decline by 23% at 164,817 units as compared to 214,679 units sold over the same period last year.

The company’s Commercial Vehicles (CV) domestic sales in July 2019 at 22,453 units registered a drop of 36% compared to 34,817 units sold last July. The M&HCV truck segment July 19 sales at 5,465 units declined by 46% over July 18. I&LCV truck segment sales in July at 3,167 units dropped by 21% over last July. The SCV and pickup segment registered sales at 10,937 units in July 2019, a drop of 30% over last July. The commercial passenger carrier segment July 19 sales at 2,884 units registered a drop of 42% over July 2018. Leaving aside the small commercial passenger segment, sales was at 2700 units in July 2019 a marginal growth of 2.7% over July 2018.

Tata Motors is India’s largest automobile company. 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.

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