New Delhi: Shares of Tata Motors on Wednesday slipped as much as three per cent in morning trade on bourses after the Jaguar Land Rover (JLR) issued a warning to the UK government of massive losses if Britain was to leave the European Union (EU).

JLR CEO Ralf Speth, who was speaking at the Zero Emission Vehicle Summit in Birmingham, on Tuesday said that fears of a so-called "no-deal" Brexit and lack of clarity over Britain's post-Brexit plans threatens the UK-based luxury carmaker's entire operational set up.

Shares of Tata Motors and Tata Motors (DVR) have hit their respective 52-week lows after the company reported 5% drop in global sales, including that of Jaguar Land Rover (JLR), to 92,639 units in July.

“Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in July 2018 were at 40,443 units, higher by 29%, over July 2017,” the company said in a regulatory filing.

Tata Motors on Saturday reported 5 per cent drop in global sales, including that of Jaguar Land Rover (JLR), to 92,639 units in July.

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range last month were at 40,443 units, higher 29 per cent from the year-ago period, the company said in a regulatory filing.

Looking forward to growing demand and upcoming festive season, leading carmaker Tata Motors aims to cross 5 lakh units production mark by October this year at the Sanand plant in Gujarat. The company has achieved 100% utilisation of the plant and running three shift to meet the demand. “The plant has so far rolled out over 4,50,000 units since inception and is among fastest expanding plants of Tata Motors.

Tata Motors said on Friday it aims to deliver profits both at British marquee arm Jaguar Land Rover (JLR) as well as the domestic business. However, it remained silent on the future of the small car Nano that has been facing headwinds for long.

The statement comes within days of the company reporting a Rs 18.64 billion net loss in the June quarter.

Tata Motors posted the worst bottom line performance in a decade during the April-June quarter. The company posted a loss of Rs 18.63 billion as sales at Jaguar Land Rover, its UK-based subsidiary sputtered, following a one-time regulatory issue in China, uncertainty around Brexit and poor demand for diesel vehicles in the UK and Europe.

New Delhi: Tata Motors Ltd, India’s largest automaker by sales revenue, will report its June quarter (Q1 FY19) results on Tuesday. The sustained turnaround in the domestic business, helped by a low base, is unlikely to offset a muted performance by the UK subsidiary Jaguar Land Rover (JLR) Automotive Plc, as the Tata Group flagship is expected to report a net profit of Rs 909.1 crore on net sales of Rs 70,900.8 crore, according to a Bloomberg poll of 10 analysts.

Tata Motors will soon shift gears to “Do it Yourself” (DIY) mode as a business strategy with the launch of Harrier, a five-seater sports utility vehicle.

As part of the plan, a digital configurator comprising a three-dimensional graphics-based front-end application (app) will allow customers to choose the power train, brakes, suspension types

Remuneration of top executives and independent directors at Tata Motors, including that of its managing director and chief executive Guenter Butschek, saw a drop in fiscal 2018 over the last year amid company's efforts to contain costs and turnaround the domestic operations, according to company's latest annual report.

Tata Motors lost a sizeable order from cab aggregator firms Ola and Uber as the group’s former Chairman, Cyrus Mistry, and group patriarch Ratan Tata fought a bitter battle. It was India’s largest carmaker Maruti, which finally bagged the order.

According to the National Company Law Tribunal’s (NCLT’s) Mumbai Bench observation dated July 9, Tata asked Mistry to consider a proposal by Ola, which wanted to buy 150,000 cars.

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