Tata Motors Shares Fall as Profit Drops on JLR China SalesBy
Deliveries of the luxury unit in China declined 10 percent
Luxury car demand waned in China as extravagance discouraged
Tata Motors Ltd.’s profit declined as earnings tumbled at its Jaguar Land Rover unit on weaker deliveries in China. The Indian automaker’s shares fell to their lowest level since August 2013.
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