Tata Motors climbs over 3 pc as global sales gain traction

Image
Press Trust of India Mumbai
Last Updated : Mar 14 2016 | 7:13 PM IST
Tata Motors' stock today jumped by over 3 per cent as the company reported a 17 per cent increase in global sales, including those of Jaguar Land Rover (JLR), in February.
The stock gained 3.36 per cent to settle at Rs 365.90 on BSE. During the day, it climbed 4.59 per cent to Rs 370.25.
On NSE, it rose 3.44 per cent to close at Rs 366.45.
The company added Rs 2,972.54 crore to Rs 1,05,179.54 crore in market valuation.
Tata Motors has reported a 17 per cent growth in its global sales, including those of JLR vehicles, at 99,842 units in February.
The company had sold 85,360 units in February 2015, Tata Motors had said in a statement on Friday.
In the passenger vehicles category, global sales stood at 63,672 units last month as against 53,878 in February 2015, up 18 per cent.
Sales of JLR vehicles rose 31 per cent to 52,313 units last month as against 39,942 a year earlier.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 14 2016 | 7:13 PM IST

Next Story