Tata Motors gains after reporting decent rise in global wholesales in December

Tata Motors rose 0.35% to Rs 361.90 at 9:30 IST on BSE after the company said that Tata Motors Group global wholesales including Jaguar Land Rover rose 7% at 91,762 units in December 2015 over December 2014.

The announcement was made by the company after market hours yesterday, 11 January 2016.

Meanwhile, the BSE Sensex was up 38.82 points, or 0.16%, to 24,874.12.

On BSE, so far 30,435 shares were traded in the counter, compared with an average volume of 6.68 lakh shares in the past one quarter. The stock hit a high of Rs 362.95 and a low of Rs 359.75 so far during the day. The stock hit a record high of Rs 605.57 on 3 February 2015. The stock hit a 52-week low of Rs 279.15 on 29 September 2015.

Tata Motors said that Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range rose 6% at 32,475 units in December 2015 over December 2014. Global wholesales of all passenger vehicles rose 8% at 59,287 units in December 2015 over December 2014. Global wholesales of Tata Motors' passenger vehicles declined 32% at 8,371 units in December 2015 over December 2014.

On consolidated basis, Tata Motors reported net loss of Rs 429.76 crore in Q2 September 2015 compared with net profit of Rs 3290.86 crore in Q2 September 2014. Net sales rose 1.1% to Rs 60853.03 crore in Q2 September 2015 over Q2 September 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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