Tata Motors hits 6-year low, falls 13% on weak JLR global sales

The stock slipped 13% to Rs 185 in intra-day trade, its lowest level since January 3, 2012, on the BSE.

Shares of Tata Motors hit a six-year low of Rs 185 per share, down 13% on the BSE in intra-day trade on Tuesday, after the company-owned Jaguar Land Rover (JLR) on Monday, reported a 12.3% year on year (YoY) decline in global sales at 57,114 units in September, hit by lower demand in China. The stock was trading at its lowest level since January 3, 2012, on the BSE.

“The company's sales in China declined by 46.2% during September as compared to the same month last year as ongoing market uncertainty resulting from import duty changes and continued trade