Tata Motors gains after robust global wholesales in September

Tata Motors rose 1.85% to Rs 387.50 at 09:21 IST on BSE after the company's global wholesales, including Jaguar Land Rover rose 21% at 97,102 units in September 2015 over September 2014.

The announcement was made after market hours yesterday, 15 October 2015.

Meanwhile, the BSE Sensex was down 39.06 points, or 0.14%, to 26,971.08

On BSE, so far 1.46 lakh shares were traded in the counter, compared with an average volume of 17.97 lakh shares in the past one quarter.

The stock hit a high of Rs 391.05 and a low of Rs 385.80 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.

The large-cap company has an 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 fell 3% to 33,768 units in September 2015 over September 2014. Global wholesales of all passenger vehicles surged 40% to 63,334 units in September 2015 over in September 2014. Global wholesales of Tata Motors' passenger vehicles fell 1% to 12,260 units in September 2015 over September 2014.

Global wholesales for Jaguar Land Rover (including CJLR wholesales, a JV between JLR and Chery Automobiles and an unconsolidated subsidiary for JLR) stood at 51,074 vehicles in September 2015. Jaguar wholesales were 8,211 vehicles while Land Rover wholesales were 42,863 vehicles in September 2015.

Tata Motors' British luxury car unit Jaguar Land Rover (JLR) on 14 October 2015 reported 3% rise in retail sales to 47,634 vehicles in September 2015 over September 2014.

Tata Motors' consolidated net profit fell 48.7% to Rs 2768.91 crore on 6.2% fall in net sales to Rs 60180.57 crore in Q1 June 2015 over Q1 June 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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