/ Tata Motors Drops 4% Post Subdued UK Sales Of JLR In May ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 6 June 2017


Tata Motors on Tuesday’s trading session declined nearly 4% intraday basis after reporting subdued UK sales growth by Jaguar Land Rover (JLR). The luxury car maker sold 8,813 units in May, down 7.8% compared with 8,880 units sold in same month last year, dented by both brands.

Jaguar’s UK sales declined 1% to 2,564 units while Land Rover sales fell sharply by 10.7% to 5,619 units compared with year-ago month. The stock has delivered negative returns of 0.2% in a period of one year and has underperformed the BSE Sensex and BSE Auto indices over
the same time span.

Tata Motors Limited is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company.

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