Tata Motors Denies Plans Of Listing JLR

Tata Motors has shown choppy trade in past few trading sessions after reporting subdued UK sales growth by Jaguar Land Rover (JLR). However, in Tuesday’s trading session, the stock opened at Rs 463.85 per share higher by 2.55%.

Tata Motors Group global wholesales in May 2017, including Jaguar Land Rover (JLR), were at 86,385 units, lower by 1%, over May 2016. Jaguar’s UK sales declined 1% to 2,564 units while Land Rover sales fell sharply by 10.7% to 5,619 units compared to the May last year.

In recent media news, the rumours in the markets regarding IPO of Tata Motors JLR got clarification from the company’s spokesperson that the company has no plans for JLR IPO, as reported in leading business daily.

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