Tata Motors May Fall As JLR UK Oct SalesDown 21% YoY

Tata Motors shares might open on a tepid note today as the company’s UK subsidiary, Jaguar Land Rover reported lower numbers. JLR sold 7,097 units in October, 21.5% lower than a year ago. Furthermore, total sales of Jaguar for October fell 63% (YoY), while that of Land Rover was down 7% (YoY).
In the last trading session, Tata Motors Ltd ended at Rs 461.55, up by Rs 14.65 or 3.28% from its previous closing of Rs 446.9 on the BSE.

The scrip opened at Rs 448.05 and touched a high and low of Rs 466.95 and Rs 443.65 respectively. The stock traded above its 200 DMA.

Tata Motors is an automobile company engaged in the manufacture of cars, utility vehicles, buses, trucks and defence vehicles. In FY17, it enjoyed a market share of 44% in commercial vehicles (CVs). Jaguar Land Rover, being its flagship subsidiary, constituted 79% of its total consolidated FY17 revenue.
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About Bhoomi Desai