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Tata Motors gains after reporting good global wholesales in March

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Capital Market

Tata Motors rose 1.2% to Rs 546.80 at 9:15 IST on BSE after the company said that its group global wholesales, including Jaguar Land Rover rose 9% to 1.03 lakh units in March 2015 over March 2014.

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

Meanwhile, the S&P BSE Sensex was down1.94 points or 0.01% at 28,797.75.

On BSE, so far 10,000 shares were traded in the counter as against average daily volume of 5.38 lakh shares in the past two weeks.

The stock hit a high of Rs 547.90 and a low of Rs 543 so far during the day.

 

Global wholesales of Tata Motors' passenger vehicles rose 17% to 15,373 units in March 2015 over March 2014. Global wholesales of Jaguar Land Rover (JLR) rose 15.65% to 50,093 units in March 2015 over March 2014.

Tata Motors' 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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First Published: Apr 16 2015 | 9:10 AM IST

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