Car Maker Tata Motors stocks raised by 2% on BSE


Car Automaker Tata Motor shares have raised by 2% to Rs 563 on the BSE on Friday. The company claimed that Jaguar Land Rover (JLR) received a growth of 28% in the month of September.  

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“Jaguar Land Rover, the UK's leading manufacturer of premium luxury vehicles, reported its best ever September retail sales of 61,047 vehicles, up 28% compared to September 2015,” Tata Motors said.

The sale of the Land Rover Discovery has reached to the heights in China, the company added.

“Performance was strong in China and Europe, where collectively we sold almost 23,000 cars this month alone. With the new Discovery launched in Paris this month and sales starting for the first locally built Jaguar in China – the XFL, our British line-up continues to expand and delight in markets cross the world,” said Andy Goss, Jaguar Land Rover Group Sales Operations Director.

The sale of Jaguar Land Rover reached to 50% in China, 32% in Europe, 30% in UK, 23% in North America and 3% in other markets. Around 434,025 vehicles went on sale in the first nine months in year 2016.

On the BSE, the stock reached up to 1.6% at Rs 560 as compared to 0.19% decline in the S&P BSE Sensex.

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