Tata Motors gains on good JLR sales

Tata Motors rose 0.64% to Rs 433.50 at 09:20 IST on BSE after the company's British luxury car unit Jaguar Land Rover reported good sales in Q1 March 2014.

Meanwhile, the BSE Sensex was down 139.27 points, or 0.61%, to 22,576.06

On BSE, so far 26,598 shares were traded in the counter, compared with an average volume of 5.68 lakh shares in the past one quarter.

The stock hit a high of Rs 433.80 and a low of Rs 426.75 so far during the day. The stock hit a record high of Rs 435 on Thursday, 10 April 2014. The stock hit a 52-week low of Rs 257.85 on 10 April 2013.

The large-cap company has an equity capital of Rs 643.72 crore. Face value per share is Rs 2.

Tata Motors British luxury car unit Jaguar Land Rover (JLR) on Thursday, 10 April 2014 reported 8% rise in sales to 124,776 vehicles in Q1 March 2014 over Q1 March 2013. JLR sales rose 3% to 55,183 units in March 2014 over March 2013.

Jaguar sales rose 19% to 24,031 vehicles in the Q1 March 2014 over Q1 March 2013. In March, Jaguar sales rose 19% to 11,731 vehicles over the previous year.

Land Rover sales rose 6% to 100,745 vehicles in Q1 March 2014 over Q1 March 2013. Land Rover sales stood at 43,452 vehicles in March 2014, in line with prior year.

Commenting on the quarterly performance Andy Goss, Jaguar Land Rover Group Sales Operations Director said: This has been a strong start to the year for both brands thanks to continued global demand for our latest model offerings. The F-TYPE Coupe has just been launched to the world's media to critical acclaim and Land Rover are set to reveal a Discovery Vision Concept car at the New York International Auto Show, to showcase Land Rover's design vision for a new family of Discovery vehicles.

On a consolidated basis, Tata Motors' net profit surged 195.2% to Rs 4804.80 crore on 38.4% increase in total income to Rs 64034.30 crore in Q3 December 2013 over Q3 December 2012.

Tata Motors is India's largest automobile company, with consolidated revenues of Rs 188818 crore in 2012-13. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 8 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 fifth largest truck manufacturer and fourth largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, CIS and Russia.

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