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BSE   03 Sep 14 | 12:27 PM

525.00 8.6 (1.67%)
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Code: 500570
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NSE   03 Sep 14 | 12:15 PM

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Code: TATAMOTORS
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Tata Motors up on Land Rover hopes Jaguar struggles

Reuters / Mumbai 17 Aug 12 | 01:18 PM

Shares in Tata Motors rise 3 percent a day after the auto maker said its global vehicle sales, including for luxury unit Jaguar Land Rover, rose 21 percent in July from a year ago.

Global sales were in-line with analyst estimates: Land Rover volumes grew by 55 percent from a year, thanks to strong volumes for its Evoque model, though Jaguar is failing to revive sales, a domestic analyst says.

Analyst are more optimistic of a boost in sales for Land Rover due to improved supplies of its Evoque and Freelander models after the company recently announced increased production shifts at its U.K. plant.

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