Tata Motors Slips on Weak May Sales, Profit Miss

Tata Motors fell to ₹707 on June 2 after May vehicle sales declined 8.6% YoY, with domestic sales dropping 10%. Q4 profit plunged 51%, missing estimates. While JLR sales rose 1.1%, Jefferies downgraded the stock to ‘underperform’, citing margin pressures and global headwinds.