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Tata Motors inches up with arm reporting 9.3% rise in February retail sales

07 Mar 2017 Evaluate

Tata Motors is currently trading at Rs. 471.05, up by 0.35 points or 0.07% from its previous closing of Rs. 470.70 on the BSE.

The scrip opened at Rs. 470.70 and has touched a high and low of Rs. 475.80 and Rs. 466.60 respectively. So far 3,90,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 598.60 on 07-Sep-2016 and a 52 week low of Rs. 336.40 on 09-Mar-2016.

Last one week high and low of the scrip stood at Rs. 475.80 and Rs. 448.00 respectively. The current market cap of the company is Rs. 1,35,362.00 crore.

The promoters holding in the company stood at 34.73%, while Institutions and Non-Institutions held 39.04% and 8.11% respectively.

Tata Motors’ subsidiary -- Jaguar Land Rover (JLR) has achieved its best ever February sales performance in 2017, with total retail sales of 40,978 vehicles, up 9.3% on the prior year, primarily driven by continuing strong sales of the Jaguar F-PACE, XE, Land Rover Discovery Sport, Range Rover and Evoque. By region, Jaguar Land Rover’s global retail sales performance for February showed growth in China (40.4%), North America (16.2%) and the UK (14.2%) but down slightly in Europe (1.6%) and in other overseas markets (6.5%)

Jaguar retail sales were 12,203 vehicles, up 81.1%, compared to February 2016, driven by the ongoing success of the Jaguar F-PACE as well as solid sales of XE. Furthermore, Land Rover retailed 28,775 vehicles in February 2017, down 6.4% compared to February 2016, primarily reflecting the run-out of the Land Rover Defender and Discovery, which was only partially offset by the introduction of the all-new Land Rover Discovery and continuing solid sales of the Discovery Sport, Range Rover and Range Rover Evoque. 


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