Tata Motors surges 5 per cent on strong JLR sales in China

The country’s largest automobile manufacturer and maker of Jaguar and Land Rover spiked up in trades, post reporting strong global sales numbers led by buoyant sales in North American and Chinese market.

Jaguar Land Rover, UK's leading manufacturer of premium luxury vehicles, today reported its best ever November retail sales of 47,588 vehicles, up 2 per cent compared to November 2015. 

The year-on-year growth in retail volumes was driven by strong sales of the new Jaguar XF and F-PACE as well as continuing solid sales of the Land Rover Discovery Sport and Range Rover Sport.

JLR delivered solid retail sales growth across majority of the key regions for November year-on-year, with China (up 42 per cent) and North America (up 20 per cent) partially offset by softer sales in the UK (down 13 per cent), Europe (down 6 per cent). Jaguar Land Rover sold 527,937 vehicles in the first 11 months of 2016, 21 per cent up on the same period in the prior year.

Jaguar recorded its best ever November, with retail sales reaching 14,613 vehicles, up 83 per cent compared to November last year. Land Rover recorded November sales of 32,975 vehicles, down 14 per cent on November 2015, but continued solid sales of the Land Rover Discovery Sport and Range Rover Sport.

The shares of Tata Motors were trading with gains of 4.2 per cent at Rs 463.90 on NSE.