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Tata Motors falls on 'muted' December sales

Source : REUTERS
Last Updated: Wed, Jan 16, 2013 12:17 hrs
Men walk inside a Tata Motors showroom on the outskirts of Agartala

Shares in Tata Motors Ltd ended down 3.5 percent, after falling as much as 4 percent in trade, as the company posted lower-than-expected global vehicle sales in December, dealers say.

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


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