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      Tata Motors gains as JLR sales

      MoM Team / Mumbai, Jan 09, 2017 02:21 PM IST

        Tata Motors gains as JLR sales

        Tata Motors rose 0.8 percent to Rs 501.70 on BSE after the company's subsidiary Jaguar Land Rover reported 12 percent rise in total retail sales to 55,375 units in December 2016 over December 2015.

        The announcement was made during market hours today, 9 January 2017.

        Meanwhile, the S&P BSE Sensex was up 13.1 points or 0.05 percent at 26,772.4.

        On the BSE, 3.04 lakh shares were traded on the counter so far as against the average daily volumes of 5.40 lakh shares in the past one quarter. The stock had hit a high of Rs 504.45 and a low of Rs 492.55 so far during the day.

        The stock had hit a 52-week high of Rs 598.60 on 7 September 2016 and a 52-week low of Rs 266 on 11 February 2016.

        The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

        Tata Motors said that the sales growth was primarily driven by the ongoing success of the Jaguar F-PACE, Land Rover Discovery Sport and the Range Rover Sport as well as strong demand for the long wheel base Jaguar XFL in China. Jaguar's retail sales jumped 95 percent to 16,349 units in December 2016 over December 2015. Land Rover retail sales fell 5 percent to 39,026 units in December 2016 over December 2015.

        On 4 January 2017, Jaguar Land Rover (JLR) announced its US retail sales for the month of December 2016. JLR's US sales rose 30 percent to 12,573 units in December 2016 over December 2015. Jaguar sales jumped 259 percent to 4,294 units in December 2016 over December 2015. Land Rover sales declined 2 percent to 8,279 units in December 2016 over December 2015.

        Tata Motors reported consolidated net profit of Rs 848.16 crore in Q2 September 2016, compared with net loss of Rs 1740.20 crore in Q2 September 2015. Net sales rose 6.7 percent to Rs 65140.75 crore in Q2 September 2016 over Q2 September 2015.

        Tata Motors is a market leader in commercial vehicles in India. The company's British luxury unit Jaguar Land Rover (JLR) sells premium luxury cars.


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      Source: Capital Market



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