Tata Motors rides on higher November sales

The stock soared to a high of Rs 738 and finally ended at Rs 733, up 3% from its previous close. The counter clocked volumes of  1.17 million shares as compared to the two-week daily average traded volumes of 686,880 shares on the BSE.
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(Updated at 1109hrs)

Tata Motors has raced ahead after having reported a 62 per cent jump in its total global sales in November on the back of a strong performance by its British marquees Jaguar and Land Rover (JLR). The stock was trading higher by Rs 11 or 1.6% at RS 721 on the BSE as against the previous day's close of Rs 710.

The country's largest auto company reported a total sales of 75,775 units across its various international operations, which include Tata Motors, Tata Daewoo and the Hispano Carrocera range of commercial vehicles, Tata passenger vehicles and the British marquee brands Jaguar Land Rover.

JLR's global sales in November stood at 18,825 units, up 30 per cent from the same month last year.

Jaguar sold 4,333 units during the month, down 2 per cent from November last year, while the sales of Land Rover were up by 45 per cent at 14,492 units.