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10-May2019

Tata Motors surges with arm reporting retail sales of 39,185 vehicles in April

Tata Motors is currently trading at Rs. 187.90, up by 2.10 points or 1.13% from its previous closing of Rs. 185.80 on the BSE.

The scrip opened at Rs. 188.00 and has touched a high and low of Rs. 189.80 and Rs. 184.40 respectively. So far 980766 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 344.30 on 10-May-2018 and a 52 week low of Rs. 141.90 on 08-Feb-2019.

Last one week high and low of the scrip stood at Rs. 213.70 and Rs. 182.50 respectively. The current market cap of the company is Rs. 54065.60 crore.

The promoters holding in the company stood at 38.37%, while Institutions and Non-Institutions held 35.41% and 15.01% respectively.

Tata Motors' wholly owned subsidiary -- Jaguar Land Rover (JLR) has reported retail sales of 39,185 vehicles in April 2019, down by 13.3% compared to April 2018. The introduction of the all-electric Jaguar I-PACE and the sales ramp up of the new Range Rover Evoque continue to be encouraging, however, retail sales of other models were lower primarily reflecting the continuing weaker market conditions in China.

Retail sales were up again in the UK (12.1%) and in North America (9.6%), but were offset by lower sales in China (-45.7%) and in Overseas markets (-22.3%) with retails in Europe also down (-5.5%).

Jaguar retail sales in April 2019 were 11,462 vehicles, down 13.7% year-on-year and Land Rover retailed 27,723 vehicles, down 13.1% compared to April 2018.

Tata Motors is India's largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.


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