Great gain: Tata Motors register hike in sales
INDIA’S largest vehicle maker, Tata Motors, said yesterday global sales, including those for Jaguar and Land Rover, rose 62 per cent in November, aided by improved demand and last year's low sales base.
The company, which also makes the world's cheapest car, the Nano, said total global sales for November rose to 75,775 vehicles, up 62 per cent from the same period last year.
Global sales of the two British premier brands, Jaguar and Land Rover, rose to 18,825 vehicles in November, up 30 per cent from a year earlier, Tata Motors said in a statement to the stock exchange.
Jaguar sales accounted for 4,333 vehicles while those for Land Rover were 14,492. Tata Motors bought the two marques from US Ford Motor last year for $2.3bn (£1.4bn).
The Tata Motors group's commercial vehicle sales for November were 33,338 while passenger cars sales were 42,437.
“A 30 per cent jump in sales for Jaguar-Land Rover is not too impressive. This was mainly due to the low base level last year,” said an analyst with local brokerage Centrum Broking.
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