The BSE Auto index was one of the worst hit today in intra-day deals, slipping over three per cent as compared to a two per cent drop in the benchmark indices.
Shares of automobiles companies are under pressure on the bourses with the most of the frontline stocks from the sector are trading lower by 1-4% on the Bombay Stock Exchange (BSE).
Tata Motors has slipped over 6% at Rs 272 after the company said its global sales remained flat in April at 87,377 units over the same period last year.
Six years after Fiat agreed to sell its cars through Tata Motors dealers, the Italian auto maker has decided to call off its distribution and commercial alliance and go solo in India.
Tata Motors has dipped 4% to Rs 305 after reporting 40% fall in total sales (including exports) of Tata commercial and passenger vehicles at 60,086 units in April 2012 on month-on-month (m-o-m) basis.
Tata Motors has seen strong upgrades in volume, top line and profit estimates, after reporting an unexpectedly superlative quarterly global volume performance for Jaguar Land Rover (JLR).
Tata Motors, India's largest automobile company has entered the elite club of companies with Rs one trillion market value on the back of strong global sales for the month of March, joining Reliance Industries, ONGC, Coal India and TCS.
Shares in Tata Motors , the third largest Indian car maker by local sales, extended gains after global vehicle sales rose 26% in March from a year earlier.
Tata Motors has moved higher by over 4% at Rs 301 after the company said its global sales jumped 26% in March to 139,655 vehicles on back of robust demand for Jaguar and Land Rover (JLR) vehicles.
Tata Motors Ltd's global vehicle sales rose 26% in March from a year earlier, the Indian company said, partly driven by continued strong sales of its luxury Jaguar Land Rover vehicles.
Shares of rate sensitive sectors such as banking, auto and realty gained ground in morning trades on expectations that the Reserve Bank of India (RBI) would cut the repo rate (at which it lends to banks) by 25 basis points in its annual policy review
Tata Motors has emerged as the most reputed company in India followed by Aditya Birla Nuvo and Bharti Airtel in a survey by Nielsen, a global information and measurement firm.
Tata Motors has emerged as the most reputed company in India followed by Aditya Birla Nuvo and Bharti Airtel in a survey by Nielsen, a global information and measurement firm.
Tata Motors-owned Jaguar said on Thursday it will re-enter the sports segment with its 'F-Type' super car by the middle of next year that will be offered in a range of variants with different petrol engines.
Tata Motors-owned Jaguar today said it will re-enter the sports segment with its 'F-Type' super car by the middle of next year that will be offered in a range of variants with different petrol engines.
Tata Motors is replacing free of cost a part in the suspension system of its mid-sized sedan Manza that has been sold so far, without calling it a recall.
