GenX Nano, launched by Tata Motors in May last year to push up sagging sales of the country’s cheapest car, has not been able to deliver yet. Sales volume of Nano, though more than the previous year, is much lower than most of the early years.

The company has sold 15,772 units of the GenX Nano in domestic market till December against 10,306 units of the earlier model sold in May-December period of 2014-15. The 53% increase year-on-year looks impressive, but is way below the high sales mark touched by the car in the past.

On Monday, Tata Motors reported 7% increase in its global sales including that of Jaguar Land Rover (JLR) vehicles at 91,762 units in December 2015. The company had sold 85,742 units in December 2014, Tata Motors said in a statement.

In the passenger vehicles category, the global sales increased by 8% to 59,287 units last month as against 55,145 units in December 2014, the statement said.

New York: With bulldog tenacity and a savvy shift down-market, Land Rover came out on top of the US auto market in 2015, the industry’s busiest year since the horse and buggy.

The blue-blood British brand, owned by Tata Motors, sold 70,582 vehicles in the US last year, a 37% increase over its 2014 tally. No other major car maker accelerated as quickly, as the industry overall notched a 5.2% increase in vehicles sold.

MUMBAI: TCS, ITC, HCL Tech, Tata Motors, Idea Cellular and MRF are among the stocks identified by Ambit Capital that could fetch multi-fold returns. The brokerage has identified 30 stocks in the BSE 500 index based on accounting quality and corporate governance filters.

Shares of India's automobile major, Tata Motors have slipped by 1.5% to quote at Rs 396 after the company posted a 4% decline in sales at 39,973 units for December as against 41,734 vehicles in December 2014.

In addition, domestic sales of Tata Motors' commercial and passenger vehicles dropped by 6% at 35,416 units during the month as compared to 37,776 units sold in the corresponding month for the year 2014.

Markets have gained strength in the morning trades well supported by the buying in index heavyweights such as Reliance Industries, Tata Motors, and Infosys.

At 10:30 AM, 30 share Sensex was at 25,967 levels, up by 130 points while the Nifty50 was at 7,899 levels, up by 38 points.

With uncertainty around diesel engines because of rising pollution in the cities, Tata Motors is moving towards hybrids and electric vehicles. The Mumbai-based company, traditionally been dependent on diesel engines, is working on partial hybrids and fully-electric systems for its future range of passenger vehicles. It is also working on a new generation of less-polluting petrol engines.

After a gap up opening, markets have erased their early gains on account of profit booking. The selling pressure on the index heavyweights such as Tata Motors, Axis Bank, ITC has dragged the markets lower.

At 11:30 am, the S&P BSE Sensex was down by 5 points at 25,488 and the Nifty50 gained 4 points at 7,754.

Shares of automobile companies have extended losses in Monday morning trades and are trading lower after the National Green Tribunal (NGT) on Friday has ordered immediate ban on registration of diesel-run cars in the national capital. The order further states that there won’t be any renewal of registration of vehicles that are older than 10 years in Delhi.

Among individual stocks, Tata Motors has skid over 3% to Rs 366, M&M has slipped nearly 2% to Rs 1,238, Ashok Leyland has dropped 0.7% to Rs 85, and Eicher Motors has lost 2.4% to Rs 15,187 on the Bombay Stock Exchange.

Software major Tata Consultancy Services (TCS) emerged as the biggest wealth creator in the past five years, while MMTC and Reliance Industries topped the list of companies where investors lost the most, says a study.

According to wealth creation study conducted by financial services company Motilal Oswal, TCS created wealth worth Rs 3,458 billion for the period 2010-15, followed by ITC (Rs 1,565 billion) and HDFC Bank (Rs 1,540 billion).

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