Tata Motors unit JLR reports slide in monthly sales

Tata Motors' wholly-owned UK-based unit Jaguar Land Rover reported fall in retail sales in August 2019 over August 2018.

Jaguar Land Rover (JLR) retail sales in August 2019 were 34,176 vehicles, down 6.7% compared to August 2018. The announcement was made after market hours yesterday, 9 September 2019.

Stock markets are closed today, 10 September 2019 on account of Muharram. Shares of Tata Motors had closed with gain of 0.66% to settle at Rs 121.90 yesterday, 9 September 2019. The stock hit a 52-week high of Rs 282 on 10 September 2018. The stock hit a 52-week low of Rs 106 on 04 September 2019.

The large cap company has equity capital of Rs 577.47 crore. Face value per share is Rs 2.

Jaguar retail sales in August 2019 were 9,702 vehicles, down 17.8% year-on-year and Land Rover retailed 24,474 vehicles, down 1.4% compared to August 2018.

Felix Brautigam, Jaguar Land Rover Chief Commercial Officer, said that while the global market remains challenging, the company has seen a second month of consecutive growth in China.

Tata Motors is a leading global automobile manufacturer of cars, utility vehicles, buses, trucks and defense vehicles.

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