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  1. Tata Motors may fall after unit Jaguar Land Rover’s Feb sales disappoint

Tata Motors may fall after unit Jaguar Land Rover’s Feb sales disappoint

Tata Motors shares may fall on lower-than-expected sales at key unit Jaguar Land Rover (JLR) in February.

By: | Updated: March 18, 2015 10:23 AM
Tata Motors, Tata Motors shares, Jaguar Land Rover, Jaguar Land Rover sales, jlr, jlr sales, jlr tata motors, Jaguar Land Rover tata motors

Underlying demand for the JLR’s products remains strong – Analysts. Reuters

Tata Motors shares may fall on lower-than-expected sales at key unit Jaguar Land Rover (JLR) in February.

JLR’s Feb 15 wholesales came in at 38,541 units, down 1.2 pct yoy; below estimates of about 42,200 units – Analysts.

This could be due to lower despatches to China for the Evoque to clear inventory to start local production and gradual ramp-up for new models – Nomura.

Underlying demand for the JLR’s products remains strong – Analysts.

Stock trades at discount to Indian rivals on one-year forward P/E basis Tata Motors 8.2 Maruti Suzuki India 21.6 Mahindra and Mahindra 19.7.

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