SEOUL: Shares of Tata Motors surged over 4 per cent after the company reported 20.8 per cent increase in global sales at 92,551 units, including that of Jaguar Land Rover (JLR) vehicles, in June. The scrip gained as much as 4.55 per cent to Rs 486.40 on BSE.
The company had sold 76,602 units in June 2015, Tata Motors said in BSE statement. In the passenger vehicles category, global sales stood at 59,831 units last month as against 45,519 units in the same month a year ago, up 31.44 per cent. Sales of luxury brand Jaguar Land Rover grew 35.2 per cent to 47,197 units in June compared with 34,908 units in the same month last year. Sales of commercial vehicles also rose 5.26 per cent to 32,720 units from 31,083 units in the year-ago month.
Tata Motors Limited is India’s largest automobile company, with consolidated revenues of INR 2,75,561 crores (USD 41.6 billion) in 2015-16. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia.
