JLR sales up 12% in December: Tata Motors
Tata Motors' shares were trading up over 1% on the BSE.
Tata Motors-owned Jaguar Land Rover sold 12% more vehicles in December 2016, selling 55,375 units compared to the same period last year.
The UK carmaker's sales were led by the success of Jaguar F-PACE, Land Rover Discovery Sport and the Range Rover Sport. Strong demand for the long wheel base Jaguar XFL in China also pushed the sale.
JLR's annual sales also hit an all time record, with the carmaker selling 5,83,312 units, up 20% compared to the previous year, the carmaker said.
Tata Motors, in a notification to the BSE said, "JLR's global retail sales performance for December shows strong growth in China (up 36%), North America (up 30%) and Europe (up 8%) but softer sales in the UK (down 3%) and in other overseas markets (down 16%)."
Jaguar retail sales
The statement said Jaguar's retail sales were up 95% in December, selling 16,349 units led by the F-PACE, while the full year sales were up 77% at 148,730 units.
Land Rover sales
Land Rover retailed 39,026 units in December 2016, down 5% compared to December 2015 on the back of the popularity of the Discovery Sport and the Range Rover Sport which offset the lower sales of the Defender and Discovery models.
On an annualised basis, Land Rover sold 434,582 units, up 8% compared to 2015.
On the BSE, Tata Motors was trading 1.15% higher from its Friday close at Rs 503.50 apiece. At the time, the BSE Sensex was at 26,751.17, down 8.06 or 0.03%.
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