With this change in stock price, the market capitalization of Tata Motors stood at Rs 38,402 crore, at the same time the market capitlaization of M&M went up to Rs 44,150 crore giving it the third spot behind Hero Motorcorp and Bajaj.
Investors were spooked from the Tata motors shares on concerns over the company's Jauar's and Land Rover's performance in America and Euope.
The biggest automobile company in India in terms of revenues, has seen an erosion of 15.63% in its stock value pover the last six trading sessions. Meanwhile, M&M has seen its share by fell by 1.1% in the same period.
Two-wheeler maker Bajaj Auto has its market cap at Rs 41,414 crore. Meanwhile the leader of this industry Hero MotoCorp's market value stood at Rs 39,810 crore.
Tata Motors' get 60% of their consolidated revenue by its premium brands Jaguar and Land Rover. These two brands see 52 % of the sales volume in US, UK and the Europe excluding russia, and this entire region is marred with economic trouble. Add to this the high rate of inflation in India and China and weak demand across key global markets.
Combining all of this infoamation together, analysts have become bearish on the company.