Tata Motors accelerates as JLR reports strong sales in March 2013

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The stock hit a high of Rs 281.05 and a low of Rs 277.50 so far during the day.

Jaguar Land Rover (JLR)'s global sales rose 17% to a record 115,504 units in Q1 March 2013 over Q1 March 2012. Jaguar's sales surged 28% at 9,856 units in March 2013 over March 2012. Jaguar's sales jumped 31% to 20,210 units in Q1 March 2013 over Q1 March 2012. Land Rover's sales rose 14% to a record 43,916 units in March 2013 over March 2012. Sales rose 15% to a record 95,294 units Q1 March 2013 over Q1 March 2012.

Commenting on the global sales data, Phil Popham, Group Sales Operations Director for Jaguar Land Rover said, "Jaguar Land Rover has had a record breaking start to the year reflecting the continued interest in our two great brands and our commitment to delivering desirable products that resonate with customers across the globe. Jaguar Land Rover is seeing continued year on year growth following the introduction of new models, engines and drivetrains with the Jaguar XF Sportbrake, new Range Rover and Range Rover Evoque amongst our top selling models".

Tata Motors' consolidated net profit declined 52.2% to Rs 1627.50 crore on 1.4% growth in net sales to Rs 45821.31 crore in Q3 December 2012 over Q3 December 2011.

Tata Motors is an automobile major. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, Spain, South Africa and Indonesia. Among them is Jaguar Land Rover (JLR), the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 7.5 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top in passenger vehicles. It is also the world's fourth largest truck and bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America.

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