Tata Motors hits fresh 52-week high as JLR sales rose 30% in April

NEW DELHI: Tata Motors Ltd rose as much as 2.1 per cent in trade on Tuesday to hit its fresh 52-week high of Rs 455.55, after its subsidiary Jaguar Land Rover (JLR) reported 30 per cent increase in global sales for April at 37,171 units.

At 09:20 a.m.; Tata Motors pared some of the gains but was still trading 1 per cent higher at Rs 448.90. It hit a low of Rs 448 and a 52-week high of Rs 455.55 in trade on the Bombay Stock Exchange.

The company's sales were up 72 per cent in the China region, 19 per cent in North America, 25 per cent in Asia Pacific and 27 per cent in Europe, JLR said in a statement.

"April sales continue the positive momentum we saw in the first quarter of 2014. Alongside the F-Type, all three Range Rover models delivered record April sales performances reflecting the global appeal of our strongest ever vehicle line up," JLR Group Sales Operations Director Andy Goss said.

In April, the Range Rover Sport delivered its best sales performance since 2006, the company said. Land Rover saw increases for the month in all regions, including 72 per cent rise in sales in China Region and 31 per cent sales increase in Asia Pacific, said the PTI report.