Tata Motors shares up 2% as global sales rise in March
Tata Motors' shares went up by 2 per cent today as the company reported a 9 per cent growth in its global sales for the month of March, including those of the Jaguar Land Rover.business Updated: Apr 16, 2015 13:51 IST
Tata Motors' shares went up by 2 per cent today as the company reported a 9 per cent growth in its global sales for the month of March, including those of the Jaguar Land Rover.
The stock rose by 1.38 per cent to Rs 550.80 apiece on the BSE. On the NSE, it gained 1.99 per cent to Rs 551.25 per scrip.
Tata Motors had reported a growth in global sales, increasing to 1,03,952 units in March as against 95,668 units in the same month last year.
In the passenger vehicles category, global sales last month stood at 65,466 units, up 16 per cent, as compared to 56,420 units in March 2014.
Sales of luxury brand Jaguar Land Rover rose by 16 per cent to 50,093 units during the month as compared to 43,311 units during the same month a year ago, the company had said in a statement yesterday.
Jaguar Land Rover has been a wholly owned subsidiary of Tata Motors since 2008, when the latter acquired it from Ford. It sold a total of 462,678 vehicles during 2014, comprising 381,108 Land Rover vehicles and 81,570 Jaguar vehicles.