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Tata Motors drops after poor JLR sales

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lost 1.15% to Rs 274.30 at 09:19 IST on after the company's subsidiary reported 4.9% fall in total to 36,629 vehicles in August 2018 over August 2017.

The announcement was made after market hours on Friday, 7 September 2018.

Meanwhile, the Sensex was down 62.28 points, or 0.16% to 38,327.54

On the BSE, 42,000 shares were traded in the counter so far compared with average daily volumes of 9.51 lakh shares in the past two weeks. The stock had hit a high of Rs 276.30 and hit a low of Rs 272.55 so far during the day. The stock hit a 52-week high of Rs 466.95 on 6 November 2017. The stock hit a 52-week low of Rs 243.25 on 13 August 2018.

subsidiary (JLR) reported 4.9% fall in total to 36,629 vehicles in August 2018 over August 2017. Jaguar were 11,802 vehicles in August, up 7.7% year on year, driven by the introduction of the E-PACE and I-PACE, as well as XE long wheelbase sales in retailed 24,827 vehicles in August, down 9.9% compared to August 2017 as increased sales of the Velar and the refreshed were offset by the impact of the lower sales in on Evoque and Discovery Sport in particular.

Retail sales were up in the UK (64.9%), Overseas markets (20.2%) and (2.5%), with slightly below last year (3.1%), waiting for last WLTP certifications. The market remains unsettled following tariff changes and trade tensions (down 38.1%), although the reduction in duty from 25% to 15% is expected to be beneficial over the full year.

is the UK's largest automotive manufacturer, built around two iconic British car brands: Land Rover , the world's leading manufacturer of premium all-wheeldrive vehicles; and Jaguar, one of the world's and sports

Tata Motors' reported consolidated net loss of Rs 1862.57 crore in Q1 June 2018 as compared to net profit of Rs 3199.93 crore in Q1 June 2017. Consolidated total income rose 8.09% to Rs 67306.06 crore in Q1 June 2018 over Q1 June 2017.

is a leading global of cars, utility vehicles, buses, trucks and defence vehicles.

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

First Published: Mon, September 10 2018. 09:26 IST