Tata Motors advances after declaring good global wholesales in March

Tata Motors rose 3.77% to Rs 386.10 at 14:56 IST on BSE, after the company said that its global wholesales including Jaguar Land Rover rose 11% to 1.18 lakh units in March 2016 over March 2015.

The company announced the monthly global wholesale volume data during market hours today, 11 April 2016.

Meanwhile, the S&P BSE Sensex was up 280.18 points or 1.14% at 24,954.02

On BSE, so far 3.61 lakh shares were traded in the counter as against average daily volume of 8.63 lakh shares in the past one quarter. The stock hit a high of Rs 387.20 and a low of Rs 373.25 so far during the day. The stock had hit a 52-week high of Rs 568.80 on 10 April 2015. The stock had hit a 52-week low of Rs 266 on 11 February 2016. The stock had outperformed the market over the past one month till 8 April 2016, gaining 7.67% compared with 0.06% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 5.3% as against Sensex's 1.04% fall.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in March 2016 rose 18% to 45,235 units in March 2016 over March 2015. Global wholesales of all passenger vehicles rose 8% to 73,515 units in March 2016 over March 2015. Global wholesales for Jaguar Land Rover were 64,579 vehicles including CJLR wholesales of 6,388 units in March 2016. CJLR is a joint venture between JLR and Chery Automobiles and is an unconsolidated subsidiary for JLR. Jaguar wholesales for the month were 13,370 vehicles while Land Rover wholesales were 51,209 vehicles in March 2016.

Tata Motors on 6 April 2016 announced the commercial launch of its hatchback Tiago. The price for the petrol variant of Tiago starts at Rs 3.20 lakh ex-showroom, New Delhi. The diesel variant starts at Rs 3.94 lakh ex-showroom, New Delhi. Tiago will be available for sale, across the country in over 597 Tata Motors sales outlets from 6 April 2016, Tata Motors said.

On 1 April 2016, Tata Motors announced that its total commercial and passenger vehicles sales rose 1% to 53,057 units in March 2016 over March 2015.

On consolidated basis, Tata Motors' net profit fell 2% to Rs 3507.54 crore on 3.7% growth in net sales to Rs 71686.12 crore in Q3 December 2015 over Q3 December 2014.

Tata Motors is a market leader in commercial vehicles in India. The company's British unit Jaguar Land Rover sells premium luxury cars.

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