Tata Motors hits over 11-month low after decline in JLRl retail sales

The stock dipped 4% to Rs 420, extending its Thursday's 2.3% fall on BSE.

Tata Motors  dipped 4% to Rs 420, extending its Thursday’s 2.3% fall on BSE, after the company said Jaguar Land Rover (JLR) reported 2.3% decline in retail sales of 40,385 units in the month of April.

The stock is trading at its lowest level since May 30, 2016. It hit a 52-week low of Rs 376 on May 11, 2016 in intra-day trade. Till 11:58 am; a combined 4.8 million shares changed hands on the counter on BSE and NSE.

“Jaguar Land Rover, the UK's leading manufacturer of premium luxury vehicles today reported April retail sales of 40,385,