Benchmark indices continue to trade lower weighed down by financials, auto and pharma shares. Investors sentiment are further dampened tracking weakness among global markets on the back of a firm US jobs data raising fear of Fed interest rate hike.

By 10:25, the Sensex was lower by 144 points at 26,624 and the Nifty dipped 50 points at 8,065. Among broader markets, BSE Midcap and Small indices are down between 0.4-0.6%.

Shares of Tata Motors have gained over 1% to Rs 477 on the NSE after the company’s total commercial and passenger vehicles sales (including exports) rose 5% to 39,496 units in May 2015 over May 2014.

Sales of Tata Motors passenger vehicles rose 21% to 11,138 units in May 2015 over May 2014. The growth trend was driven by the cars segment, specifically the new launches of Zest and Bolt and with positive early response to the new GenX Nano, Tata Motors said.

Tata Motors has closed the revenue gap with Reliance Industries Ltd (RIL). While RIL remains the country’s largest private sector company by revenue (including other income), Tata Motors topped the chart by core revenue (net sales) in the fourth quarter ended March. The country’s top automobile maker reported net sales of Rs 67,576 crore in the quarter, against RIL’s consolidated net sales of Rs 67,470 crore.

With total revenue of Rs 69,642 crore, however, RIL remains ahead of the auto maker. In the quarter, RIL reported other income of Rs 2,172 crore, far higher than Tata Motors' other income of Rs 245 crore. RIL is also more profitable than Tata Motors.

Consolidated net profit of Tata Motors, India’s biggest automobile company, dipped by a whopping 56 per cent in the final quarter of last financial year as China, Jaguar Land Rover’s biggest market, slowed down considerably.

The Mumbai-based company posted Rs 1,717-crore net profit for the quarter ended March, against Rs 3,918 crore in the corresponding quarter last year. Bloomberg had estimated Tata Motors to report a net profit of Rs 4,092 crore for the quarter.

Benchmark indices have extended losses and are trading near day’s lower dragged by index heavyweight shares like Tata Motors, ITC and HDFC.

By 14:05, the Sensex was lower by 156 points at 27,489 and the Nifty slipped by 45 points at 8,325.

Auto major Tata Motors today said it has launched its Prima range of heavy commercial vehicles (CVs) in Bangladesh.

The company, in partnership with Bangladesh-based Nitol Motors, has rolled out models under the Prima brand catering to tipper and cargo segments.

Mumbai: Seven years after Tata Motors Ltd delivered the first Nano, then billed as the world’s cheapest car with a Rs.1 lakh price tag, the jellybean-shaped car has come full circle in terms of price and positioning.

On Tuesday, Tata Motors took the wraps off the GenX Nano, priced between Rs.1.99 lakh and Rs.2.89 lakh, in yet another attempt to revive sales of a car it had launched in July 2009 as an affordable, entry-level vehicle, but which never quite took off.

MUMBAI: Tata MotorsBSE -0.71 % launched the new Gen X Nano at a starting price of Rs 1.99 lakh (ex-showroom Delhi). The launch is being seen as a make-or-break move for the car. While the manual transmission variants will cost between Rs 1.99 lakh to Rs 2.49 lakh, the easy shift AMT version has been launched between Rs 2.69 lakh to Rs 2.89 lakh.

The GenX Nano, repositioned as a Smart City Car, comes in a record 21 different options and offers all the bells and whistles including automatic transmission and Bluetooth connectivity, is expected to take on entry hatchbacks Maruti SuzukiBSE 0.76 % Alto and Hyundai Eon, which sell about 15,000 units every month.

A little over 150 million new shares of Tata Motors have started trading at National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) with effect from today.

“The new securities of 150.49 million ordinary shares of Rs 2 each issued at a premium of Rs 448 per share on rights basis are listed and are permitted to trade on the exchange with effect from Monday, May 18, 2015,” Tata Motors said in a BSE notice dated May 15, 2015.

Tata Motors, India's biggest automotive company signed a distribution, supply and technology license agreement for commercial vehicles with Vietnam-based TMT Motors.

Tata Motors will supply completely knocked down (CKD) and completely built unit (CBU) vehicles to TMT in Vietnam.

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