Pursuits
Jaguar Rally Fades as Investors Wait for F-Type: Corporate India
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Three months ago, optimism over Jaguar Land Rover was so high, its Indian parent’s shares were up almost 80 percent this year, valuing Tata Motors Ltd. more than Porsche AG’s holding company. Reality may be setting in.
Tata Motors has fallen 30 percent in Mumbai trading since the stock peaked on April 19, when it was the year’s best performer among the world’s biggest carmakers. This week, the company reported sales of Jaguar cars fell for the first time in seven months. Deliveries of Land Rover sport utility vehicles -- excluding the sold-out Evoque -- dropped for a third month, according to CLSA Asia-Pacific Markets.