India's Tata Motors shares fall as Q3 earnings drop

MUMBAI Fri Feb 15, 2013 9:48am IST

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MUMBAI Feb 15 (Reuters) - India's Tata Motors shares fell as much as 3.1 percent a day after its October-December earnings fell 52 percent to $303 million.

Tata Motors posted its first drop in profit in five quarters as its Jaguar Land Rover (JLR) business faced higher spending and a drop in operating margin after 18 months of soaring profit.

Tata Motors ADR also fell 4.9 percent to $27.25 on Thursday. (Reporting by Abhishek Vishnoi; Editing by Anupama Dwivedi abhishek.vishnoi@thomsonreuters.com)

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