 "Tata Motors gains post June JLR sales data")
Tata Motors rallied 5% to Rs 458 on BSE in intra-day trade after its British luxury unit Jaguar Land Rover (JLR) reported 11% rise in sales at 51,591 units in June 2017 over June 2016.
“Retail sales for June were up year-on-year in China (65.3%), the UK (3.8%), Europe (3.7%) and North America (3.2%) whilst sales in overseas markets were down 8.5%,” JLR said in a press release.
Jaguar sales reached 15,343 vehicles in June, up 16.4% on June last year, with strong continued sales from F-PACE and the long wheel base Jaguar XFL in China. Land Rover retailed 36,248 vehicles in June, up 8.9% on the same month last year led by continuing strong demand for Discovery Sport and strong sales of Range Rover, it added.
The company also said, sales of the new Discovery continue to grow following its launch in North America and China. The new Range Rover Velar will begin sales in July.
Retail sales for the first quarter (April to June, 2017) totalled 132,463 vehicles, up 3.5% compared to the same quarter last year.
Andy Goss, Jaguar Land Rover Group Sales Operations Director, said: “Jaguar Land Rover saw another positive performance in June, led by strong sales in China, both from imported vehicles and our Chinese joint venture.
At 11:31 am; the stock was up 2.5% at Rs 448 on BSE, as compared to 0.58% rise in the S&P BSE Sensex. The trading volumes on the counter jumped more than three-fold with 1.3 million
“Retail sales for June were up year-on-year in China (65.3%), the UK (3.8%), Europe (3.7%) and North America (3.2%) whilst sales in overseas markets were down 8.5%,” JLR said in a press release.
Jaguar sales reached 15,343 vehicles in June, up 16.4% on June last year, with strong continued sales from F-PACE and the long wheel base Jaguar XFL in China. Land Rover retailed 36,248 vehicles in June, up 8.9% on the same month last year led by continuing strong demand for Discovery Sport and strong sales of Range Rover, it added.
The company also said, sales of the new Discovery continue to grow following its launch in North America and China. The new Range Rover Velar will begin sales in July.
Retail sales for the first quarter (April to June, 2017) totalled 132,463 vehicles, up 3.5% compared to the same quarter last year.
Andy Goss, Jaguar Land Rover Group Sales Operations Director, said: “Jaguar Land Rover saw another positive performance in June, led by strong sales in China, both from imported vehicles and our Chinese joint venture.
At 11:31 am; the stock was up 2.5% at Rs 448 on BSE, as compared to 0.58% rise in the S&P BSE Sensex. The trading volumes on the counter jumped more than three-fold with 1.3 million
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%