Shares of Tata Motors,on Monday,dropped as much as 5 per cent on the Bombay Stock Exchange after the country's largest vehicle maker reported a consolidated net loss of Rs 2,505.25 crore for 2008-09. Shares of Tata Motors were quoted at Rs 323.40 on BSE,down by 4.97 per cent over the previous close. On the National Stock Exchange where the scrip fell to Rs 323.05,down 5.05 per cent over last closing. On the volume front,over 16.31 lakh shares changed hands on the Tata Motors reported its first net loss in eight years,mainly on the back of losses of over Rs 1,700 crore incurred by its two British premium car brands Jaguar and Land Rover. bourses. Income from JLR sales stood at Rs 39,270.70 crore,while the loss from JLR operations stood at Rs 1,777.35 crore in FY'09. Tata Motors completed the acquisition of the two British car brands for 2.3 billion dollars last year. Yesterday,Tata Motors launched its first JLR showroom in the country here which would sell a range of vehicles,including Jaguar's XF and XKR and Land Rover's Discovery and Range Rover.
