Wednesday, October 10, 2018

JLR effect : Tata Motors tanks 13 percent

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Tata Motors stock  lost 13% and closed at Rs 185 in Yesterday's trading. Intra day it hit a six-year low of Rs 170.  Jaguar Land Rover  has reported a 12 % year on year  decline in global sales at 57,114 units in September, hit by lower demand in China. 

The company's sales in China declined by 46% during September as compared to the same month last year as ongoing market uncertainty resulting from import duty changes and continued trade tensions held back consumer demand.

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