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Tata Motors shares down as global sales fall in Sept

Tata Motors shares down as global sales fall in Sept

Tata Motors shares fell over 2 per cent after it reported a fall in global sales in September on account of lower passenger vehicle sales.

Tata Motors shares on Tuesday fell over 2 per cent after it reported a fall in global sales in September on account of lower passenger vehicle sales.

The scrip was the biggest loser among the Sensex's 30 blue-chip stocks during the morning trade.

Global sales of the Tata Group company declined 4 per cent in September to 1,03,656 units over the same month last year.

Sales of luxury brands from Jaguar Land Rover were down 4 per cent for the month under review, at 26,461 units, against the same month last year.

While sales of luxury sedans of Jaguar brand stood at 2,808 units last month, Land Rover sales were at 23,653 units.

Shares of Tata Motors were trading 2.62 per cent lower at Rs 262.30 on the Bombay Stock Exchange in late afternoon trade. On the National Stock Exchange, Tata Motors shares were down 2.64 per cent at Rs 262.30.

With inputs from PTI