Tata Motors gains on plan to double dealer network by 2020

Tata Motors Ltd. | Automobiles-Trucks/Lcv | Automobiles | BSE: 500570 | NSE: TATAMOTORS

12 Dec 2014 Evaluate

Tata Motors is currently trading at Rs. 506.00, up by 2.00 points or 0.40 % from its previous closing of Rs. 504.00 on the BSE.

The scrip opened at Rs. 500.25 and has touched a high and low of Rs. 507.70 and Rs. 499.50 respectively. So far 108536 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 550.80 on 18-Nov-2014 and a 52 week low of Rs. 331.05 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 530.75 and Rs. 493.00 respectively. The current market cap of the company is Rs. 137164.06 crore.

The promoters holding in the company stood at 34.33 % while Institutions and Non-Institutions held 37.13 % and 7.28 % respectively.

Tata Motors, the country's largest automaker by revenues, is planning to double its dealer network in the country by 2020 as the company looks to claw back to a dominant position in the Indian passenger car market. The company currently has around 500 touch points across the country and aims to add equal number of dealerships to expand its presence. The company is also planning to double its passenger car sales to 5 million units per annum from the current 2.5 million per annum.

Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.