Moneycontrol
Last Updated : Dec 07, 2018 11:51 AM IST | Source: Moneycontrol.com

Tata Motors hits 52-week low as Jaguar Land Rover reports weak sales for Nov 2018

Jaguar sales were up 8.9 percent at 14,909, while Land Rover sales were down 14 percent at 33,251.

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Share price of Tata Motors touched 52-week low of Rs 160.75, down 1 percent intraday Friday after Jaguar Land Rover reported weak sales numbers for the month November 2018.

Jaguar Land Rover sales were at 48,160 vehicles in November 2018, down 8 percent.

Meanwhile, Jaguar sales were up 8.9 percent at 14,909, while Land Rover sales were down 14 percent at 33,251.

Retail sales were up significantly in North America (18.1 percent) due to strong sales of Range Rover models in Jaguar Land Rover’s best ever November sales results in the market. Sales were also 5.6 percent higher in Europe and up 3.2% in the UK, company said in release.

Sales in China were 50.7 percent lower than a year ago as market conditions remain difficult with continuing consumer uncertainty following tariff changes and trade concerns, it added.

"This performance was combined with growth in Europe and the UK where we have outperformed the market; a significant accomplishment in today’s challenging conditions. These positive regional results reflect our strong brands and attractive product line up, said Felix Brautigam, Chief Commercial Officer, Jaguar Land Rover.

At 11:40 hrs Tata Motors was quoting at Rs 162.15, down Rs 0.25, or 0.15 percent on the BSE.
First Published on Dec 7, 2018 11:51 am
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