Tata Motors Ltd shares fell 4% on poor UK JLR sales:
Tata Motors Ltd: It is a multinational automobile company based in India based in Mumbai. However, the company operates under the subsidiary of Tata Group, an Indian conglomerate. The company manufactures passenger cars, trucks, vans, coaches, buses, sports cars and military vehicles across India.
The company was originally known as the Tata Engineering and Locomotive Company (TELCO) and was later renamed Tata Motors Limited. It provides vehicle finance, vehicle leasing and vehicle services services across the country. The company’s current chairman is Natarajan Chandrasekaran.
Meanwhile, on Friday March 5, the auto company’s shares fell nearly 4% on the stock market. The main reason for this is that the company had poor JLR sales in the US United Kingdom in February.
In addition, the company posted a double-digit decline in JLR sales in February month. Jaguar Land Rover sales fell by 26% to 2,171 units. The company sold 2,929 units in the same month of the previous fiscal year.
While the jaguar Sales declined nearly 60.60% year over year to 334 vehicles in February 2021. While Land Rover sales fell nearly 11.70% year over year to 1,837 vehicles.
Tata Motors February sales
The company also released its Domestic sales rose in February compared to the previous year by 54% compared to the previous year to 58,473 vehicles. The company’s total sales amounted to 61,365 vehicles compared to 40,619 vehicles in the same month of the previous year.
On the other hand the Commercial vehicle The company’s sales rose 21% year over year to 33,966 units. While car sales rose by almost 119% year-on-year to 27,225 vehicles in February 2021.
The company’s February 2021 car sales were the highest for Tata Motors for almost 9 years, Tata Motors said in its BSE filing.
The shares of Tata Motors Limited reported a downward trend on the stock market on Friday. It lost 12.75 points, down 3.76%, to reach INR 326.45. During his time in BSE, the company lost 14.10 points, down 4.16%, to reach INR 325.10.
Exchange on March 5th:
On Friday, both Sensex and Nifty continued their bearish trend in the stock market since the last session of the market. The Sensex trades on the stock exchange under 50.450 and on the stock exchange under 15.100. The Sensex lost 440.76 points with a decrease of 0.87% to reach 50,405.32 levels. During the fleet 10. 142.65 points with a decrease of 0.95%, reaching 14,938.10 levels.
On the flip side, the number of coronavirus cases in India on Friday March 5 hit 1,11,73,761 with nearly 1,57,548 deaths.
On the frontier markets, the S&P BSE SmallCap Index saw a bearish trend in the equity markets on Friday. It lost 318.05 points, down 1.50%, and hit 20,936.02 levels. While the S&P BSE MidCap lost 396.39 points with a decrease of 1.89% to reach a level of 20,587.80. However, Nifty Bank lost 574.35 points, down 1.60%, to hit the 35,228.15 level.
Top Gainer on March 5th: ONGC, GAIL India, Maruti Suzuki, Kotak Mahindra Bank and Hero Motocorp are the top winners in today’s stock market.
Top Losers on March 5th: IndusInd Bank, Tata Motors, Wipro, UPL and Hindalco Industries are the top losers in today’s equity markets.
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