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Tata Motors declines after weak global wholesales

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Tata Motors declined 0.5% to Rs 159.75 after the company reported a weak global wholesales in November 2019.

The Tata Motors Group global wholesales in November 2019, including Jaguar Land Rover (JLR), were at 89,671 units, down 15% over November 2018. The announcement was made during trading hours today, 10 December 2019.

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in November 2019 were at 31,030 units, lower by 19% over November 2018.

Global wholesales of all passenger vehicles in November 2019 were at 58,641 units, lower by 12% as compared to November 2018.

Global wholesales for JLR were 48,105 vehicles (*JLR number for November 2019 includes CJLR volumes of 6,224 units). Jaguar wholesales for the month were 10,801 vehicles, while Land Rover wholesales for the month were 37,304 vehicles.

CJLR is a joint venture between JLR and Chery Automobiles and is an unconsolidated subsidiary for JLR.

Shares of Tata Motors have fallen 5.7% in the past four trading sessions from its previous closing high of Rs 169.40 on 4 December 2019.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 10 2019. 15:22 IST
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