Tata Motors Group global wholesales down 32% in August 2019

Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in August 2019 were at 25,366 units, down by 45% over August 2018.

Sep 11, 2019 08:09 IST India Infoline News Service

Tata Motors Group global wholesales in August 2019, including Jaguar Land Rover, were at 72,464 units, which was lower by 32% over August 2018. 

Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in August 2019 were at 25,366 units, down by 45% over August 2018. 

Its global wholesales of all passenger vehicles also came lower by 22% at 47,098 units in August 2019. 

Further, Global wholesales for Jaguar Land Rover were 39,615 vehicles (*JLR number for August 2019 includes CJLR volumes of 4,680 units). Jaguar wholesales for the month were 10,097 vehicles, while Land Rover wholesales for the month were 29,518 vehicles. 

Stock view:
Tata Motors Ltd is currently trading at Rs131.15 up by Rs9.25 or 7.59% from its previous closing of Rs121.90 on the BSE.

The scrip opened at Rs124.50 and has touched a high and low of Rs131.90 and Rs124.50 respectively.

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