Tata Motors Shares Fall as Profit Drops on JLR China Sales

Updated on
  • 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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.