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Shares of Tata Motors on Wednesday fell by nearly 3 per cent after the company said its British arm Jaguar Land Rover’s sales were down 9.6 per cent in June this year.
The scrip declined 2.79 per cent to close at Rs 151.40 on the Bombay Stock Exchange (BSE). During the day, it dropped 4.23 per cent to Rs 149.15.
On the National Stock Exchange (NSE), shares of the company fell 2.50 per cent to close at Rs 151.90.
In terms of traded volume, 21.38 lakh shares of the company were traded on the BSE and over three crore on the NSE.
Jaguar Land Rover’s (JLR) sales were down 9.6 per cent to 47,060 units in June this year.
Sales of Jaguar brand were at 14,933 units during June 2019, down 8.5 per cent from year-ago period, Tata Motors said in a regulatory filing.
Land Rover sales were at 32,127 units, down 10.1 per cent from the same month last year, it added.
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