Tata Motors' JLR sells 11% more vehicles in October

Tata Motors' run Jaguar Land Rover sold 46,325 vehicles in October, up 11% from the same period last year, the Indian carmaker said in a notification to the BSE. 

"The month's performance has been driven by strong sales of the Land Rover Discovery Sport, Range Rover Evoque, Jaguar XF, and the introduction of the Jaguar F-Pace, as well as strong year-on-year sales growth in China and Europe," the statement said. 

JLR sold 30% more cars in China, 25% more in Europe and sales in UK and North America were both up 8%. However sales in other overseas markets was down 22%. 

In the first ten month of 2016, JLR sold 480,349 vehicles, up 23% on the same period last year. 

Commenting on JLR's October performance Andi Goss, Jaguar Land Rover Group Sales Operations Director, said, "With our most engaging product line up to date we are continuing to see positive sales momentum. Impressive performances across Europe and China have boosted our year-to-date sales to over 480,000 vehicles."

While Jaguar recorded best-ever October sales, with retail sales touching 14,402 vehicles, up 93% from last year, Land Rover's sales at 31,923 vehicles was down 6% year-on-year. 

Jaguar's sales reflected "the strong launch of the F-Pace and the introduction of the long-wheel base XFL in China" while "production of the Defender and Discovery ceased in January 2016 and August 2016, respectively," which was a drag on Land Rover's numbers. The Discover Sport was the best-seller of the month, with the carmaker selling 9,605 units, up 34% from last year. 

Tata Motors' shares were trading at Rs 514.00, up Rs 1.90 or 0.37% from previous day's close. The carmaker's shares touched an intraday high of Rs 520.90.