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Tata Motors gains as JLR declares good sales in CY 2017

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rose 1.59% to Rs 440.60 at 11:48 on after the company's British luxury unit reported good sales figures for calendar year ended December 2017.

Meanwhile, the Sensex was up 79.40 points or 0.23% at 34,432.19.

On the BSE, 3.80 lakh shares were traded on the counter so far as against average daily volumes of 4.71 lakh shares in the past two weeks. The stock had hit a high of Rs 443.55 and a low of Rs 433.35 so far during the day. The stock had hit a 52-week high of Rs 553 on 27 January 2017 and a 52-week low of Rs 357.95 on 11 August 2017.

The large-cap company has equity capital of Rs 577.47 crore. Face value per share is Rs 2.

said that of its British luxury unit (JLR) rose 0.6% to 55,697 vehicles in December 2017 over December 2016. Despite tough conditions in some markets, JLR achieved record global sales in 2017 with retails of 621,109 vehicles, up 6.5% on the prior year. The announcement was made after market hours yesterday, 8 January 2018.

in December were up in overseas markets (19%) and in (12.6%) but down in the UK (15.8%), US (9.2%) and (4.6%), reflecting weaker market conditions in the UK and to a lesser extent the US.

Jaguar fell 7.8% to 15,079 vehicles in December 2017 over December 2016, as solid sales of the long wheel base Jaguar in and the introduction of the E-PACE were more than offset by softer sales of XE and

retail sales rose 4.1% to 40,618 vehicles in December 2017 over December 2016, led by the introduction of the Velar and the sales ramp up of the all new Discovery.

On 2 January 2018, announced that its domestic sales of commercial and passenger vehicles jumped 52% to 54,627 units in December 2017 over December 2016.

On a consolidated basis, Tata Motors' net profit jumped 195% to Rs 2501.67 crore on 11.3% rise in net sales to Rs 70690.65 crore in Q2 September 2017 over Q2 September 2016.

Tata Motors is a in The company's British luxury unit (JLR) sells premium luxury cars.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 11:55 IST