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| Tata Motors Ltd |
Tata Motors sale growth
Tata Motors Ltd: Jaguar Land Rover (JLR) subsidiary of Tata Motors, has reported a 5% increase in total sales at 37,945 units in July as compared with year-ago period.
Sales of Jaguar were at 11,386 units during the month of July, up 3.6% from the same month last year, Tata Motors said in a filing to the stock exchanges post-market hours Friday.
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| 121.65 INR −0.40 (0.33%) |
Global rating agency S&P has reaffirmed Tata Motors' long-term issuer and issue credit ratings to "B+" and kept the outlook negative due to high cash burn at its British arm Jaguar Land Rover and geopolitical risks.
The global rating agency has removed the ratings from Credit Watch, saying that geopolitical risks such as Brexit and US tariffs could take longer than expected to play out.
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