Close [X]

Tata Motors, Tata Motors DVR hit 52-week high post JLR May retail sales

 

Tata Motors, Tata Motors DVR hit 52-week high post JLR May retail sales

  Shares of Tata Motors and Tata Motors DVR (differential voting rights) have touched their respective 52-week highs on the BSE in intra-day trade Tuesday on strong retail sales in May by its UK subsidiary and luxury car maker Jaguar Land Rover (JLR).

“The all-new Jaguar F-PACE helped propel JLR to its best ever May, with retail sales of 44,946 vehicles, up 18% on May 2015,” Tata Motors said in a press release.

This is the company’s fifth consecutive record-breaking month. JLR sold 245,100 vehicles in the first five months of 2016, 23% up on the same period in the prior year, it added.

Tata Motors said the Jaguar F-PACE, which is designed, engineered, and manufactured in the UK, has seen impressive results this month, with more than 3,000 vehicles sold worldwide.

Retail sales for the month of May were up year-on-year across all regions: 28% in China, 24% in Europe, 23% in the UK and 8% in North America. Other Overseas markets were up 6% year-on-year, it added.

Tata Motors hit high of Rs 467, while Tata Motors DVR touched high of Rs 323 on the BSE in intra-day trade on the BSE.

In past seven trading sessions, since May 27, Tata Motors DVR rallied 19% and Tata Motors by 16% after reported a strong set of numbers for the quarter ended March 2016. The S&P BSE Sensex was up nearly 1% during the same period.