4.03 lakh shares traded in the counter on BSE. The stock hit a high of Rs.139.75 and a low of Rs.130.10 till now.
The stock had not done well in the market over the last one month, dropping 29.45% as in line with the Sensex’s 11.23% decline. It had also not done well in the market in the last one quarter, declining 41.86% as compared to the Sensex’s decline of 13.33%.
Reportedly, both the ‘base’ and the ‘fully loaded’ model will be obtainable at the trader showrooms middle to end of February 2009.
Tata Motors contemplates to toss extra $435 million for the construction of Tata Nano to pin down the construction timeline. As production is supposed to start next month, it means that Tata Motors will double its investments for the project. The company is firmly assisted by the government, which is allowing buying the land in eight annual installments, starting after the construction begins.
Tata Motors expects the existing refineries to manufacture 7000 vehicles by the close of March 2009. The production is likely to be up to 80,000 over the next year. The car was at first intended to be commenced in October 2008 but got late due to the remonstrations in West Bengal. Its total vehicle sales decreased 47% from a year ago with commercial vehicle sales declining 51% last year.
Tata Motors’ net gain decreased 34.1% to Rs.346.99 crore on 6.6% rise in net sales to Rs.7029.33 crore in Quarter 2 September 2008.
Tata Motors is busy with manufacturing and marketing heavy, medium and light commercial vehicles, passenger cars and utility vehicles.