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>> TATA MOTORS Latest News

MAY 29, 2014 - TheStreet

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Why Tata Motors (TTM) Stock Is Down

NEW YORK (TheStreet) -- Shares of India-based Tata Motors Ltd.  are down -2.40% to $37.79 after the automaker reported profit that missed the median of 30 analyst estimates as a wider loss at the local business took away gains from its Jaguar Land Rover unit, Bloomberg reports. The company's net income fell to $664 million in the fiscal fourth quarter ended March 31, the company said. Jaguar Land Rover profit increased to $750 million. The luxury unit is helping buoy the company, which is struggling to revive profitability at its Indian business. Domestic deliveries of ... Read More

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