Auto Sector
Tata Motors upgrades existing cars
Tata Motors on Wednesday launched eight upgrades of existing models, including a CNG-fuelled version of Nano, but said little about plans for completely new vehicles to help reverse the fall in sales. Full Article
REUTERS SHOWCASE
Asian Stocks Outlook
Asian stocks to lead the way to year's end, Fed seen pulling back - Reuters Poll. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
India's Tata Motors shares fall as Q3 earnings drop
 |
Rahul Gandhi
The Congress lawmaker and scion of the Nehru-Gandhi dynasty turns 43 on Wednesday. Slideshow
MUMBAI |
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)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters