Tata Motors on a roll: hits 52-w high

Tata Motors is breaking grounds with its luxury car maker brand JLR. The US JLR sales in August have grown by 46 per cent to 9,329 vehicles compared with the similar period of the previous year. What triggered the increase in sales is the launch of F-PACE and XE models.

Tata Motors has hit its 52 week high on Friday by touching Rs 555.90 per share; and is trading at Rs 554 per share, up by Rs 10.45 or 2 per cent up on an intraday basis at 10.55 am.

Jaguar sales are up impressively by 188.5 percent to 3,298 units; while Land Rover sales have jumped by 15.4 percent to 6,031 units on a yearly basis.

Tata Motors' passenger vehicles' sales in the domestic market have come out strong, growing by 16 per cent to 13,000 units in August compared to similar period of the previous year.

Domestic sales for Tata Motors have grown by 3 per cent; while exports have increased by 27 per cent to 6,595 vehicles. Medium & heavy commercial vehicles' (M&HCV's) sales however have disappointed with a 17 per cent decline due to postponement and fleet expansion. On the light commercial vehicles' front the numbers have come out well with increase in 10 per cent in sales at 13,495 units YoY.