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Tata Motors falls on 'muted' December sales

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Shares in Tata Motors declined 2 per cent after posting lower-than-expected global vehicle sales in December, dealers said.

Tata Motors on Tuesday said global vehicle sales in December fell 13.9 per cent to 98,968 vehicles, although sales at its key Jaguar Land Rover unit rose 4.2 per cent to 32,282 vehicles.

Tata Motors' global sales last month were 'muted' after being dragged by a 'poor' performance in the domestic market, said IndiaNivesh Securities in a report on Wednesday.

Copyright @ Thomson Reuters 2013

 

Story first published on: January 16, 2013 11:32 (IST)

Tags: Tata Motors, Jaguar Land Rover, IndiaNivesh Securities

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