Tata Motors stock has reached a 52 week high of Rs.388 on 11thOctober 2013 on the back of robust sales growth in vehicles of Jaguar Land Rover (JLR) for the month of September 2013. The sales have shown continuous improvement in every month on a sequential basis and on a year on year basis. Tata Motors has a weight of 10% in our Twelve Stock portfolio and a weight of 5% in our Nineteen Stock Portfolio for the Future. Tata Motors has given a return of 68.69% from our levels of recommendation.
Jaguar Land Rover, the UK’s leading manufacturer of premium luxury vehicles owned by Tata Motors sold 43,181 vehicles in the month of September 2013, its best ever sales performance with an increase of 17% versus the same period last year. During the first nine months of the year 2013 Jaguar Land Rover sold 3,12,834 vehicles with a 16% year on year growth.
Jaguar sold 8,462 vehicles (35% increase year on year) in September 2013 and 57,660 vehicles year to date (38% increase year on year) and Land Rover sold 34,719 vehicles (13% increase year on year) in September 2013 and 255,174 vehicles year to date (12% increase year on year).
Sustained sales growth continues for Jaguar Land Rover with increases in all major regions: the China Region up 46%, Asia Pacific up 29%, the UK up 11%, Europe up 8%, North America up 6%, and other overseas markets up 15%. Sales for the first nine months of the year were also up in all major regions with Asia Pacific up 29%, the China Region up 24%, North America up 17%, the UK up 15%, Europe up 5% and other overseas markets up 19%.
Table 1. Productwise JLR Sales
Table 2. Regionwise JLR Sales