Tata Motors inches up as JLR reports decent sales in June

Meanwhile, the S&P BSE Sensex was up 181.78 points or 0.92% at 19,857.84.

On BSE, 8,802 shares were traded in the counter as against average daily volume of 10.94 lakh shares in the past two weeks.

The stock hit a high of Rs 286.70 and a low of Rs 284.05 so far during the day.

The sales of the Jaguar brand jumped 34% to 6,574 vehicles in June 2013 over June 2012. Land Rover sales rose 2% to 27,165 units in June 2013 over June 2012 despite the run out of Range Rover Sport, Jaguar Land Rover (JLR) said.

During the first six months of 2013, JLR sold 210,190 vehicles, an increase of 14% versus the same period last year.

Commenting on the half year performance, Phil Popham, Jaguar Land Rover Group Sales Operations Director said, "It is very encouraging to see both our Jaguar and Land Rover brands delivering strong sales performances across our 178 markets. New model introductions have been incredibly well received with the all-new Range Rover retailing more than 22,000 units since launch. The F-TYPE which received a rapturous reception from media during its global launch last month is off to an excellent start with new customers and will go on sale in China this month".

Tata Motors' consolidated net profit declined 36.7% to Rs 3945.47 crore on 10.3% growth in net sales to Rs 55841.50 crore in Q4 March 2013 over Q4 March 2012.

Tata Motors is India's largest automobile company, with consolidated revenues of Rs 1,88,818 crore ($34.7 billion) in 2012-13. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, Spain, 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 7.5 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 fourth largest truck and 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.

Powered by Capital Market - Live News