Tata Motors shares up nearly 4% on smart Jaguar Land Rover sales

MUMBAI: Shares of Tata Motors today rose by nearly 4 per cent on the back of 17 per cent increase in global sales of its premium brands Jaguar Land Rover for September this year.

During the day, the stock rose by 4.77 per cent to 52-week high of Rs 389.50. It closed at Rs 385.15, up 3.60 per cent on the BSE.

At the National Stock Exchange, the scrip closed at Rs 384.40, up 3.43 per cent.

In terms of volume, 19.86 lakh shares of the company changed hands on the BSE, while over one crore shares were traded on the NSE.

Tata Motors-owned Jaguar Land Rover yesterday reported 17 per cent increase in global sales in September this year at 43,181 units.

September sales were strong for Jaguar Land Rover in the China Region, up 46 per cent, North America up 6 per cent, the UK up 11 per cent, Asia Pacific up 29 per cent and other overseas markets, higher 15 per cent, the company had said yesterday.

In September, Jaguar sold 8,462 units, up 35 per cent reflecting strong demand for all XF derivatives, JLR said, adding Land Rover sold 34,719 units, up 13 per cent.