Tata Motors rises on 9% jump in global sales

Company reported a growth rate of 9% in global sales, including Jaguar Land Rover's, at 1,03,952 units

Shares of, Indian multinational automotive manufacturing company, Tata Motors have inched up and are trading over 1.5% to Rs 549.65 on the BSE in an otherwise flat market after the company reported a growth rate of 9 per cent in global sales, including Jaguar Land Rover's, at 1,03,952 units in the month of March. 

In the passenger vehicles space, global sales grew by 16% and stood at 65,466 units as compared to same period last fiscal. In addition, cumulative passenger vehicles sales for this fiscal stood at 604,079 depicting a rise of 5% from last year

The global sales of Tata Motors’ passenger vehicles in the month of March quoted at 15,373 up by 17% over the same period last year.

Global sales of luxury brand, Jaguar Land Rover for March quoted at 50,093 as compared to 43,311 vehicles, in March 2014 displaying a remarkable jump of 16%.

The stock opened at Rs 543.60, touched a high of Rs 550.80. By 9.55AM, a total of 72,317 shares changed hands on the BSE so far.