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Tata Motors tumbles on poor Q1 results, slowdown fears

Shares of Tata Motors slipped more than 3% Friday as the market gave a thumbs down to the below-than-expected first quarter earnings and worsening outlook for the company.

August 12, 2011 / 13:06 IST

Moneycontrol Bureau

Shares of Tata Motors slipped more than 4% Friday as the market gave a thumbs down to the below-than-expected first quarter earnings and worsening outlook for the company.

Tata Motors Thursday reported a consolidated net profit of about Rs 2,000 crore for April-June almost flat on a year-on-year basis due to a rise in input costs and slower sales of its passenger cars in India and luxury Jaguar range overseas. This was far below analysts

first published: Aug 12, 2011 11:17 am

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