Tata Motors gains further post JLR sales numbers - The New Indian Express

Tata Motors gains further post JLR sales numbers

Published: 11th April 2014 11:19 AM

Last Updated: 11th April 2014 11:19 AM

Tata Motors shares gained on Friday after the company'sUK-based armJaguar Land Rover (JLR) reporteda strong sales performance during the first quarter of 2014. Itwitnessed an 8% growth in sales to124,776 vehicles.

"This reflects strong demand for the new and refreshed Jaguar and Land Rover line up which was enhanced during this period by Jaguar's 15MY introductions, the sales debut of the Jaguar F-TYPE coupé and a strong performance from Range Rover Sport,"JLR said. Jaguar Land Rover's regional performance for the quarter:- the China Region up 36%, North America up 13% and Asia Pacific up 13%. The UK and Europe are marginally down due to the market launch timing of special edition models in the corresponding quarter last year.

Shares of the company are trading at Rs 437.30, up Rs 6.5, or 1.51% at the Bombay Stock Exchange (BSE) on Friday at 9:39 a.m. The scrip has touched an intra-day high of Rs 437.70 and low of Rs 426.75. The total volume of shares traded at the BSE is 94,410.In the earlier session, the shares gained 2.33%, or Rs 9.8, at Rs 430.80. Currently, the stock is trading all time 52-week high, which is above 66.21% over the 52-week low of Rs 263.10.

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