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Tata Motors picks up speed after decent sales by JLR in Nov

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gained 1.81% to Rs 404 at 12:20 on after the company's British luxury car unit, reported decent sales in November.

The announcement was made during trading hours today, 7 December 2017.

Meanwhile, the S&P Sensex was up 170.67 points or 0.52% at 32,767.85.

On the BSE, 3.3 lakh shares were traded on the counter so far as against average daily volumes of 13.4 lakh shares in the past one quarter. The stock had hit a high of Rs 405.30 and a low of Rs 397.20 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 stock had underperformed the market over the past one month till 6 December 2017, dropping 14.03% compared with 3.36% drop in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 3.5% as against Sensex's 2.95% rise. The scrip had, however, underperformed the market in past year, dropping 10.09% as against Sensex's 23.51% rise.

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

total vehicle sales rose 10% to 52,332 vehicles in November 2017 over November 2016, driven primarily by the introduction of the new Land Rover Discovery and the Range Rover Velar. Furthermore, retail sales of Jaguar's all new compact SUV, the E-PACE, began in the UK and Europe during November.

Jaguar retail sales fell 6.3% to 13,688 vehicles in November 2017 over November 2016, as solid sales of the long wheel base XFL in China were more than offset by lower sales of XE.

Land Rover retail sales rose 17.2% to 38,644 vehicles in November 2017 over November 2016, primarily reflecting the sales ramp up of the all new Discovery and the introduction of the Range Rover Velar partially offset by softer sales of Range Rover Sport. Retail sales of the refreshed Range Rover and Range Rover Sport (including plug-in hybrid variants) are due in the New Year.

Tata Motors' consolidated 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.

is a market leader in commercial vehicles in India. 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: Thu, December 07 2017. 13:39 IST
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