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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.

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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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Company Price Gain (%)
O N G C190.101.66
St Bk of India273.101.28

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