 "Tata Motors falls after JLR US sales decrease in April")
Tata Motors has fallen an over 5% to Rs 388 on the National Stock Exchange (NSE) in intra-day trade after Jaguar Land Rover (JLR), the company's British luxury car unit, recorded decline in US sales during the month of April 2016.
JLR North America April US sales for both brands hit 6,275 units, a 2% decline from 6,390 units in April 2015.
“Land Rover sales reached 5,188 units, a 2% decrease from 5,311 units in April 2015; Jaguar sales were 1,087 units, a 1% increase from 1,079 units in April 2015,” JLR said in a release on May 3, 2016. CLICK HERE TO READ FULL REPORT.
At 12:35 pm, the stock was down 4.7% at Rs 390 on the NSE as compared to 0.26% decline in the Nifty 50 index. A combined 6.84 million shares have changed hands on the counter on the NSE and BSE so far.
JLR North America April US sales for both brands hit 6,275 units, a 2% decline from 6,390 units in April 2015.
“Land Rover sales reached 5,188 units, a 2% decrease from 5,311 units in April 2015; Jaguar sales were 1,087 units, a 1% increase from 1,079 units in April 2015,” JLR said in a release on May 3, 2016. CLICK HERE TO READ FULL REPORT.
At 12:35 pm, the stock was down 4.7% at Rs 390 on the NSE as compared to 0.26% decline in the Nifty 50 index. A combined 6.84 million shares have changed hands on the counter on the NSE and BSE so far.