Tata Motors Ltd. owned Jaguar Land Rover (JLR), the manufacturer of luxury sport saloons and sports cars reported a jump of 32% in global sales for January at 34,877 units. January sales went up across major markets with 46% in 24% in North America, 74% increase in China, Asia Pacific, 33 % in the UK, and 10% up in Europe reported JLR.
Sales of the Land Rover brand were up 31%, at 29,118 vehicles. Land Rover sales clocked record sales for the month of January in all major geographies and markets including including the UK, USA and Germany, reports said. Sales for the Jaguar brand in the month of January stood at 5,759 vehicles up almost 40%, sales were up 70 & for XJ model of Jaguar brand, 37% up in XF –the company reported that Jaguar sales increased in all major markets.
Tata Motors Ltd. stock was seen wizzing past the gains clocked by the BSE Sensex in the morning session trade on BSE Wednesday. The stock revved up 3.1% or Rs.3.10 currently trading at Rs.307.65. It touched a high of Rs.312 and a low of Rs. 307. Total traded quantity at the counter stood at 2.31lakh.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.