Diabytes
JLR sales News
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The stock declined by 3.84 percent to close at Rs 419.75 on BSE. Intra-day, it dipped 4.22 percent to Rs 418.05.
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Shares of Tata Motors surged nearly 7 percent Tuesday after the company-owned Jaguar Land Rover (JLR) reported 11 percent increase in October retail sales.
The company had reported a consolidated net profit of Rs 3,290.86 crore in the same quarter of the previous fiscal.
Tata Motors on Friday reported a 1.51 percent increase in its global sales, including that of Jaguar Land Rover (JLR) vehicles, to 74,639 units last month.
Buoyed by the growth last year and 12 significant new products planned for 2015, the company is aiming to sell over half million units this year.
The report said it expects JLR's sales and profitability to continue to be robust this fiscal and FY16 on the back of a strong product pipeline and rising global demand for premium vehicles.
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