Moneycontrol Bureau
Tata Motors shares fell 2.7 percent intraday Wednesday after sharp decline in Land Rover's North America sales in October and amid weak market conditions due to uncertainty over US elections.
UK-based luxury car maker Jaguar Land Rover sold 8,751 units in October, a growth of 6.9 percent over a year-ago period and 5.4 percent compared with previous month.
Solid demand for Jaguar cars in North America helped the JLR report decent sales performance in the month gone by, though subdued Land Rover sales limited growth.
Jaguar registered a whopping more than 3-fold rise in October sales at 3219 units against 988 units sold in same month last year whereas Land Rover sales fell 23.2 percent to 5,532 units on yearly basis. At 11:39 hours IST, the stock was quoting at Rs 517.80, down Rs 13.15, or 2.48 percent on the BSE.
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