June 3, 2019 / 4:48 AM / 3 months ago

BUZZ-India's Tata Motors shares fall after drop in monthly sales

** Shares of Tata Motors Ltd slip 2.4% to 168.40 rupees on Monday, lowest since May 15, after disappointing monthly sales

** Domestic sales in May fell 26% from a year earlier as market sentiment continued to be muted, the automaker said here on Saturday

** Monthly sales from exports plunged 58%

** India’s auto index was down 0.83% with Tata’s rival Maruti Suzuki Ltd falling 1.6% lower

** Maruti Suzuki posted a 22% drop in total sales and was trading at its lowest since May 17 bit.ly/2WDkpjP

** Mahindra and Mahindra reported a 3% drop in sales for the month of May bit.ly/2Km1bJ6; shares down ~1.8% (Reporting by Chandini Monnappa in Bengaluru)

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