Markets not impressed with JLR sales; Tata Motors stock down

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Markets not impressed with JLR sales; Tata Motors stock down
Tata Motors: Quotes, News
BSE 464.05BSE Quote2.75 (0.59%)
NSE 464.10NSE Quote2.55 (0.55%)
Despite putting up a splendid 25 per cent growth in Jaguar Land Rover (JLR) sales, the stock of Tata Motors was down almost 2 per cent in trade, after having already dropped substantially in Wednesday's trade. Tata Motors owns JLR.

The stock was last trading at Rs 370, on the National Stock Exchange, down almost 2 per cent.

Tata Motors-owned Jaguar Land Rover reported 25 per cent increase in its global sales in November this year at 37,403 units.

November sales were strong for Jaguar Land Rover in the China Region, up 42 per cent, North America up 37 per cent, Asia Pacific up 32 per cent and other overseas markets, higher 42 per cent, the company said in a statement.

Jaguar

In November, Jaguar sold 6,244 vehicles up 55 per cent reflecting particularly strong demand for the XJ and all XF derivatives, up 62 per cent and 39 per cent respectively. Jaguar demonstrated significant growth in the China Region, with North America up 105 per cent, Asia Pacific up 62 per cent, Europe up 5 per cent, other overseas markets up 16 per cent,

The UK was down 5 per cent as the registration year comes to an end.
Calendar year to date, Jaguar sold 69,655 vehicles up 42 per cent with increases in each major region: the China Region up 144 per cent, North America up 44 per cent, Asia Pacific up 30 per cent, the UK up 17 per cent, Europe up 17 per cent and other overseas markets up 31 per cent.

Land Rover

In November, Land Rover sold 31,159 vehicles, up 20 per cent with strong performances from all models in the range: Defender up 27 per cent and Range Rover Evoque up 10 per cent. Range Rover and Range Rover Sport continue to sell well across all markets. Land Rover demonstrated growth in all major regions: North America up 25 per cent, Asia Pacific up 25 per cent, China Region up 27 per cent, the UK showed an improvement, Europe up 7 per cent and other overseas markets up 45 per cen.

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Read more about: tata motors, jaguar land rover, jlr
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