Tata Motors, Hyundai Motor India, Hero MotoCorp and other automobile companies were in high demand after Indian government's plan to reduce GST tax slabs.

Tata Motors shares declined by 1.7 percent on Tuesday and the stock remained in the red for most of the trading session.

Tata Motors share price closed at Rs 687.5 on Friday, gaining 0.7 percent during the session.

Tata Motors Share price was trading one percent lower during early trades on Monday.

Emkay Research has reiterated a BUY Call on Tata Motors, albeit with a trimmed 12-month target price of Rs 750, reflecting a cautious yet constructive stance amid evolving global automotive dynamic

Tata Motors shares declined by 2 percent on Tuesday after reports of weaker guidance from Jaguar Land Rover unit.