Share price of Tata Motors declined around 2 per cent in the early trade on Monday after the company reported weak wholesales figures in July 2015. Tata Motors after market hours on Friday ( August 14) said that Tata Motors Group global wholesales including Jaguar Land Rover (JLR) dropped 8 per cent to 73,535 units in July 2015 over July 2014.
At 9.48 am, the share price of the company was trading 1.93 per cent lower at Rs 348.50. It opened at Rs 355 and had touched low of Rs 345.75, in trade so far. Meanwhile, the BSE Sensex was down 0.88 per cent at 27,820.62.
Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range fell 3 per cent to 30,278 units in July 2015 over July 2014.
Global wholesales of all passenger vehicles dropped 12 per cent to 43,257 units in July 2015 over July 2014.
Global wholesales of Tata Motors’ passenger vehicles rose 12 per cent to 10,689 units in July 2015 over July 2014.