Tata Motors inches up after decent sales in April

Tata Motors rose 0.45% to Rs 521.80 at 9:19 IST on BSE after the company said that its group global wholesales including Jaguar Land Rover rose 4% to 77,701 units in April 2015 over April 2014.

The announcement was made after market hours on Friday, 15 May 2015.

Meanwhile, the S&P BSE Sensex was up 95.25 points or 0.35% at 27,419.25.

On BSE, so far 8,398 shares were traded in the counter as against average daily volume of 5.13 lakh shares in the past two weeks.

The stock hit a high of Rs 522.85 and a low of Rs 515.10 so far during the day.

Global wholesales of all commercial vehicles - Tata, Tata Daewoo were flat at 26,680 units in April 2015 over April 2014. Global wholesales of all passenger vehicles, including Jaguar Land Rover (JLR) rose 6% to 51,021 units in April 2015 over April 2014. Global wholesales of Tata passenger vehicles rose 32% at 10,356 units in April 2015 over April 2014. Global wholesales for JLR in April 2015 were 40,665 vehicles (Includes CJLR wholesales). Jaguar wholesales for the month were 6,768, while Land Rover wholesales for the month were 33,897 units.

CJLR is a joint venture between JLR and Chery Automobiles and is an unconsolidated subsidiary for JLR.

Tata Motors unveils its Q4 March 2015 results on 26 May 2015. The company's consolidated net profit fell 25.5% to Rs 3580.72 crore on 8.8% growth in net sales to Rs 69121.61 crore in Q3 December 2014 over Q3 December 2013.

Tata Motors is India's largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia.

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