Tata Motors falls 5 pct on FY'09 results

Agencies
Posted: Monday, Jun 29, 2009 at 1154 hrs IST
Updated: Monday, Jun 29, 2009 at 1154 hrs IST

Font Size

Feedback

Discuss

GM boss Forster to take charge of JLR: Report Hyundai’s ‘Always Around’ campaign enters third yr Toyota crosses four-lakh units sale mark in India Hyundai Motor India looks outwards for hiring

Mumbai: Shares of Tata Motors, on Monday, dropped as much as 5 per cent on the Bombay Stock Exchange after the country's largest vehicle maker reported a consolidated net loss of Rs 2,505.25 crore for 2008-09.

Shares of Tata Motors were quoted at Rs 323.40 on BSE, down by 4.97 per cent over the previous close.

On the National Stock Exchange where the scrip fell to Rs 323.05, down 5.05 per cent over last closing. On the volume front, over 16.31 lakh shares changed hands on the Tata Motors reported its first net loss in eight years, mainly on the back of losses of over Rs 1,700 crore incurred by its two British premium car brands Jaguar and Land Rover. bourses.

Income from JLR sales stood at Rs 39,270.70 crore, while the loss from JLR operations stood at Rs 1,777.35 crore in FY'09.

Tata Motors completed the acquisition of the two British car brands for 2.3 billion dollars last year.

Yesterday, Tata Motors launched its first JLR showroom in the country here which would sell a range of vehicles, including Jaguar's XF and XKR and Land Rover's Discovery and Range Rover.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.