Tata Motors dips nearly 4% on weak sales

Shares of Tata Motors fell by 4% after the company reported 7 per cent decline in sales.

Shares of Tata Motors today fell by nearly 4 per cent after the company reported 7 per cent decline in sales during April,2012 over the same month last year.

Tata Motors shares ended 3.82 per cent lower at Rs 304.65 on the BSE. During the day,the stock lost 4.13 per cent to Rs 303.65.

On the NSE,the scrip settled at Rs 305.30,down 3.55 per cent.

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Tata Motors was the worst performer among the blue-chips on both Sensex and Nifty.

Decline in the stock was instrumental in dragging the BSE benchmark index Sensex down by 16.90 points at 17,301.91.

Tata Motors yesterday reported 7 per cent decline in sales during April,2012 at 60,086 units over the same month last year.

Last month,it registered 7 per cent decline in passenger vehicle sales in the domestic market to 23,658 units from 25,436 units in April,2011,Tata Motors said in a statement.

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Sales of its small car Nano fell 20 per cent last month to 8,028 units,compared to 10,012 units in April last year.

Premji said that Wipro would partner with the Government "to find a lasting solution for Bengaluru's mobility challenges".

Wipro rejects Karnataka Govt request to allow public vehicles inside Sarjapur campus

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Wipro, a leading company in Bengaluru, has refused to allow public vehicles inside its Sarjapur campus to ease traffic congestion. However, they have agreed to finance a study to find a solution for the traffic problem. The founder, Azim Premji, believes that the issue is complex and requires expert analysis. Wipro has also committed to funding a significant portion of the study's cost.

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