Tata Motors hits brakes

Tata Motors is amongst the top five losers on the BSE. The stock is down over 2.3% at Rs.363.10.

The stock tumbled down after it reported poor sales numbers for Dec’13. It showed a 42.28% (YoY) fall in total vehicle sales at 37,852 units v/s 65,582 last year. Sales of commercial vehicles declined by 45.83% to 25,738 units in the domestic market while total passenger vehicle sales in the domestic market was down 34.63%.