Tata Motors, Tata Motors DVR hit 52-week low on drop in global sales

In past three months, Tata Motors (down 25%) and Tata Motors DVR (down 30%) have underperformed the market by falling more than 20% as compared to 5.9% rise in the S&P BSE Sensex.

Shares of Tata Motors and Tata Motors (DVR) have hit their respective 52-week lows after the company reported 5% drop in global sales, including that of Jaguar Land Rover (JLR), to 92,639 units in July.

“Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in July 2018 were at 40,443 units, higher by 29%, over July 2017,” the company said in a regulatory filing.

The company's global sales of all passenger vehicles were at 52,196 units in July 2018, down 22% from July last year. Global sales of JLR were at 35,007 units in July.