Tata Motors scrip down over 3% as global sales fall

Tata Motors scrip down over 3% as global sales fall Mumbai: Tata Motors scrip fell Wednesday by over 3 percent as the company reported 13.88 percent decline in global sales for December 2012.

After falling 3.6 percent during the day, shares of the company finally ended at Rs 320.05, down 3.24 percent on BSE.

At NSE, the scrip was down 3.44 percent at Rs 320.15.

Following the decline in stock price, market value of the company shrunk by Rs 2,902 crore to Rs 86,660 crore.

In terms of volume, 11.19 lakh shares of the company were traded on the BSE, while over one crore shares changed hands on NSE.

Tata Motors yesterday said its global sales decreased 13.88 percent last month to 98,968 units. It had sold 1,14,920 units in the same month in 2011.

While sales of luxury sedans of Jaguar brand stood at 5,444 units, Land Rover sales were at 26,838 units.

The company had said total passenger vehicles sales stood at 46,925 units, a fall of 23.16 percent from 61,066 units in December 2011.