Tata Motors rose 1.79% to Rs 374.75 at 9:22 IST on BSE after the company's British luxury car unit Jaguar Land Rover on Saturday, 11 January 2014 said it has delivered its strongest ever global sales performance in 2013.
Meanwhile, the BSE Sensex was up 261.02 points, or 1.26%, to 21,019.51
On BSE, so far 41,421 shares were traded in the counter, compared with an average volume of 8.04 lakh shares in the past one quarter.
The stock hit a high of Rs 375 and a low of Rs 372 so far during the day. The stock hit a record high of Rs 405 on 28 November 2013. The stock hit a 52-week low of Rs 252.10 on 5 April 2013.
The stock had underperformed the market over the past one month till 10 January 2014, sliding 5.72% compared with the Sensex's 2.34% fall. The scrip also underperformed the market in past one quarter, falling 0.97% as against Sensex's 2.4% rise.
The large-cap company has an equity capital of Rs 643.72 crore. Face value per share is Rs 2.
Tata Motors' British luxury car unit Jaguar Land Rover (JLR) on Saturday, 11 January 2014 said the company has delivered its strongest ever full year global sales performance due to the introduction of a series of multi-award winning new vehicles in 2013. Full year retail sales rose 19% to 425,006 units in 2013 over in 2012, with strong growth in all major regions and new Jaguar Land Rover records set in 38 markets, including Russia, Brazil, Korea and Canada.
Commenting on the company's sales performance, Dr. Ralf Speth, Jaguar Land Rover CEO said, "2013 has proven to be a very positive year for Jaguar Land Rover thanks to continuing strong demand for vehicles across the range. Our unrelenting focus on design, technology, innovation and quality has seen Jaguar Land Rover reach global consumers in more markets than ever before thanks to its most desirable product line-up, enriched further in 2013 by the Jaguar F-TYPE and all-new Range Rover Sport".
Jaguar recorded a 42% increase in sales to 76,668 vehicles in 2013 - its strongest full year sales performance since 2005 with new records set in 17 markets including, Brazil, India, Russia and China. The iconic British motoring marque also emerged as the fastest growing major premium brand in the USA, Germany and India in 2013. This strong global performance was primarily driven by F-TYPE introduction and a new annual record for XF retailing 47,391 saloon and Sportbrake models. XJ also delivered its best full year performance for ten years with 19,677 vehicle sales, with particular strong demand from North America and China thanks to the introduction of All-Wheel Drive, and an enhanced engine line up which includes the 3.0 V6 and 2.0 4-cylinder petrol engines.
Land Rover set a new full year sales record, retailing 348,338 vehicles in 2013, up 15% on the prior year following record sales of the Range Rover and Range Rover Evoque, and an incredible performance from Range Rover Sport which was close to equaling its prior record set in 2007, despite the all-new model having only been on sale for part of the year. The Freelander (LR2) also delivered a very strong full year performance, up 20% on the prior year.
Commenting on the sales success, Andy Goss, Jaguar Land Rover Group Sales Operations Director said, "2013 has been a great year in which we have seen some incredibly exciting new models launched to customers across the world. The Range Rover Sport, F-TYPE, new engines and drivetrains, and a number of 14 Model Year enhancements to our existing line up have seen Jaguar Land Rover continue to build strong sales momentum in every global region. It is not just our customers who are delighting in our strongest ever vehicle line up, international journalists bestowed almost 200 awards on our vehicles in 2013 with the F-TYPE, our star performer receiving more than 59 accolades. This recognition is a demonstration that Jaguar Land Rover's focus is on delivering cars that surpass customer expectations."
On 2 January 2014, Tata Motors had reported 42.28% decline in its total vehicle sales at 37,852 units in December 2013 over December 2012.
Tata Motors' consolidated net profit surged 70.7% to Rs 3542 crore on 31.1% rise in revenues to Rs 56882 crore in Q2 September 2013 over Q2 September 2012.
Tata Motors is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fifth largest truck manufacturer and fourth largest bus manufacturer.
Powered by Capital Market - Live News
