Tata Motors gains on the back of strong JLR global sales numbers

The country’s largest automobile and parent of Jaguar and Land Rover, Tata Motors, spiked up in trades post reporting strong global sales numbers led by buoyant sales in North American and Chinese market. JLR reported its best ever December sales performance in 2016.

JLR, UK's leading manufacturer of premium luxury vehicles, today reported its best ever December retail sales of 55,375 vehicles, up 12 per cent compared to December 2015.

The year-on-year growth in retail volumes was primarily driven by strong sales of the new Jaguar XFL and F-PACE as well as continuing solid sales of the Land Rover Discovery Sport and Range Rover Sport especially from key geographies like China.

JLR global retail sales performance for December witnessed strong growth in China (up 36 per cent), North America (up 30 per cent) and Europe (up 8 per cent) but muted sales in home market UK (down 3 per cent) and in other geographies (down 16 per cent).

Jaguar retail sales were up 95 per cent in December at 16,349 vehicles due to the success of F-PACE and XFL. Land Rovers sales were down 5 per cent in December at 39,026 vehicles.

The shares of Tata Motors were trading with gains of 1.4 per cent at Rs 503.70 on the NSE.