India's Tata Motors shares slump on JLR margin warning

MUMBAI Thu Jan 24, 2013 9:10am IST

Related Topics

Stocks

   

MUMBAI Jan 24 (Reuters) - Shares in Tata Motors Ltd slumped 8.4 percent in pre-open trade on Thursday after the Indian automaker said its unit Jaguar Land Rover (JLR) was likely to report lower EBTIDA margin in the October-December quarter.

Tata Motors said the lower margins would come due to foreign exchange fluctuations and a higher mix of Evoque sales, according to a statement late on Wednesday. (Reporting by Rafael Nam; Editing by Anand Basu)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

GROUP OF 20

REUTERS SHOWCASE

Modi Speaks

Modi Speaks

PM Modi says al Qaeda will fail in India - CNN.  Full Article 

Alibaba Listing

Alibaba Listing

Alibaba surges on massive demand in trading debut  Full Article 

Importing Rice

Importing Rice

Top rice exporter India importing over 100,000 T on temporary supply squeeze.  Full Article 

GSK Fined

GSK Fined

China hands drugmaker GSK record $489 mln fine, sentences executives.  Full Article 

HMT in Demand

HMT in Demand

Fans rush to HMT as watchmaker marks time.  Full Article 

Apple Not Cool?

Apple Not Cool?

Some consumers say Apple is losing its "cool" factor  Full Article 

Asian Games 2014

Asian Games 2014

Full coverage of the 17th Asian Games as Incheon.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage