The company unveiled the launch date during trading hours today, 26 February 2009.
Meanwhile, the BSE Sensex was up 52.30 points, or 0.59%, to 8,954.86.
On BSE, 21.67 lakh shares were traded in the counter. The stock had an average daily volume of 6.37 lakh shares in the past one quarter.
The stock hit a high of Rs 151.70 and a low of Rs 138.60 so far during the day. The stock hit a 52-week high of Rs 742.79 on 22 May 2008 and a 52-week low of Rs 122 on 20 November 2008.
The mid-cap stock had outperformed the market over the past one month till 25 February 2009, gaining 3.52% as compared to the Sensex's rise of 2.63%. It had also outperformed the market in the past one quarter, gaining 2.98% as compared to the Sensex's 2.38% rise.
The company's current equity is Rs 514.29 crore. Face value per share is Rs 10.
The company today said it is launching its Rs 1-lakh car Nano on 23 March 2009. Nano will be on display at the Tata Motors dealerships from first week of April 2009 and bookings would start from second week of April 2009.
The car was to be originally launched in October 2008 but was delayed due to the protests from farmers in West Bengal. The company eventually shifted its base to Sanand in Gujarat.
Meanwhile, Tata Motors on 25 February 2009 announced the launch of Xenon XT (Cross Terrain), life style 4 doors and 5-seater pickup.
The company reportedly cut commercial vehicle prices by 2% after the Union government announced a 2% cut in excise duty on Tuesday, 24 February 2009. Finance Minister Pranab Mukherjee on Tuesday, 24 February 2009 announced a 2% reduction in excise duty on items which attracted 10% duty. Mukherjee added a 4% across-the-board cut in excise duty will continue beyond 31 March 2009, in his reply to a debate on the interim budget for 2009-2010 in parliament.
Tata Motors on 5 February 2009 clarified on media reports about huge outstanding to vendors stating that the three-quarters of its purchases from vendors have been paid through an arrangement with banks. Tata Motors makes payment to its vendors through a tripartite agreement between the company, banks and vendors, known as the Bill Marketing Scheme. Under this scheme, the bank pays the vendor for purchases by Tata Motors and the company pays the banks after some time.
Tata Motors' total vehicle sales declined 33% to 36,931 units in January 2009 over January 2008.
Last month, the British government guaranteed up to 2.3 billion pounds of loans to help the ailing auto firms in the UK, which also includes Jaguar and Land Rover, the British brands now under the fold of Tata Motors.
Tata Motors reported a net loss of Rs 263.26 crore in Q3 December 2008 as compared to net profit of Rs 499.05 in Q3 December 2007. Net sales fell 34.4% to Rs 4758.62 crore in Q3 December 2008 over Q3 December 2007.
The company said that the net loss included a notional foreign exchange loss of Rs 226.52 crore on account of revaluation of foreign currency borrowings, deposits and loans given. In Q3 December 2007, the company had a foreign exchange gain of Rs 27.50 crore.
Tata Motors is engaged in manufacturing and marketing heavy, medium and light commercial vehicles, utility vehicles and passenger cars.
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