Tata Motors is suffering from what is known as the ‘falling knife’ syndrome in stock market parlance. The stock has fallen 15.4 per cent over the past month and nearly 40 per cent from this year's high.
Tata Motors, the country's largest commercial vehicle manufacturer, is gearing up to launch new products and variants on its highly-successful Ace mini-truck platform, according to senior vice-president (commercial vehicles business unit) R Ramakrishnan.
Tata Motors is preparing for over 100 commercial vehicle model launches this year. India’s largest manufacturer of commercial vehicles is aggressively pushing models into the market as industry sales began recovering from last October.
After witnessing a pull in customer demand with the launch of the Zest, Bolt and Nano, India’s biggest automobile maker, Tata Motors, is set to make ‘strong’ investments in new products and technologies.
Tata Motors Ltd, India's biggest auto maker by revenue, plans to raise up to 44 billion rupees through non-convertible debentures in the current financial year that began in April, the company said on Thursday.
Shares of Tata Motors continued to witness selling pressure and were down 2.3% at Rs 393, hitting a fresh 52-week low on the BSE.In the past two months, the stock of automobile major slipped 24% from Rs 516 on concerns about a slowdown in China.
The markets went into a tailspin today as the meltdown in Chinese markets had a domino effect on Asian bourses, including India. The lingering uncertainty on the Greece front also kept the market participants on the edge.