Tata Motors in a press note to the exchanges on Tuesday informed that Jaguar Land Rover (UK), its wholly-owned subsidiary, registered a fall of 12.2% on yoy in May’s retail sales at 42,370 units.
"Higher retail sales of the new Range Rover Evoque and the all-electric I-PACE were offset by lower sales of other models, primarily in China. Sales of the Discovery Sport were lower ahead of the introduction of the refreshed model, which is now on sale following its reveal in May," the company said in a press note.
Jaguar retail sales in May 2019 were 13,142 vehicles, down 9.4% yoy and Land Rover retailed 29,228 vehicles, down 13.5% compared to May 2018.
By region, retail sales were marginally down in North America (-1 .5%) and also down in other markets including the UK (-6.7%), Europe (-9.6%), Overseas markets (-18.4%) and China (-26.4%) where market conditions remain challenging, the company added.
Tata Motors Ltd's share price is currently trading at Rs168.60, up by Rs2.45 or 1.47%, from its previous close of Rs166.15 on the BSE.
The scrip opened at Rs167.90 and has touched a high and low of Rs170.80 and Rs165.80, respectively. So far, 1,05,89,335 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs52,094.71cr.
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