Tata Motors JLR records 10 per cent hike in November sales

Tata Motors surged by 2 per cent on the bourses in Thursday’s intraday trade as its wholly owned subsidiary Jaguar Land Rover announced a 10 per cent hike in its sales figure for November 2017.            
 
Jaguar Land Rover, UK’s largest automotive manufacturer recorded sales of 52,332 vehicles in November, higher by 10 per cent on a year-on-year basis. The sales of the company in the month of November were largely driven by the higher sale of the company’s newly launched Land Rover Discovery and the Range Rover Velar.
 
JLR witnessed a higher retail sales in the overseas markets, up by 19.7 per cent on a yearly basis. The company’s sales were higher in China by 19.1 per cent, in UK by 8.6 per cent and in North America by 7.8 per cent. However, the company’s sales in Europe saw a decline of 2.1 per cent on a yearly basis.
 
On Thursday, Tata Motors hit an intraday high of Rs. 405.30 per share and an intraday low of Rs. 397.20 per share on BSE. The stock closed at Rs. 402.15 per share, higher by 1.35 per cent on BSE. The stock had hit its 52-week high of Rs. 553 per share on January 27, 2017 and its 52-week low of Rs. 357.95 per share on August 11, 2017, respectively.