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5 years ago
MARKET EYE-Tata Motors hit by Jaguar Land Rover disappointment
July 16, 2012 / 10:14 AM / 5 years ago

MARKET EYE-Tata Motors hit by Jaguar Land Rover disappointment

* Tata Motors shares fell 2.8 percent after unit
Jaguar Land Rover posted lower global sales than expected in
June.
* Sales of JLR vehicles stood at 28,215, below market
expectations for at least 29,000 units sold, according to
traders. 
* Disappointing operating at Jaguar Land Rover in January-March
raised concerns Tata Motor's key earnings driver was losing
speed during a worrisome period for the global economy.
*  Higher costs and slower economic expansion have dented demand
in India's automobile sector, forcing an industry body to cut
its outlook for the year last week.  

 (manoj.dharra@thomsonreuters.com/anurag.kotoky@thomsonreuters.c
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