The stock of Tata Motors edged higher to Rs.437 as the Jaguar Land Rover Company reported sales numbers for the month of March 2014. Tata Motors has given a return of 100% from our levels of recommendation.
Jaguar Land Rover, the UK’s leading manufacturer of premium luxury vehicles delivered a strong sales performance during the first quarter of 2014, selling 124,776 vehicles, up 8%. This reflects strong demand for the new and refreshed Jaguar and Land Rover line up which was enhanced during this period by Jaguar’s 15MY introductions, the sales debut of the Jaguar F-TYPE coupé and a strong performance from Range Rover Sport. Jaguar Land Rover’s regional performance for the quarter was as follows: the China Region up 36%, North America up 13% and Asia Pacific up 13%. The UK and Europe are marginally down due to the market launch timing of special edition models in the corresponding quarter last year. Sales for Jaguar Land Rover in March were 55,183, up 3% versus the same period last year.
In the first quarter of 2014, Jaguar sold 24,031 vehicles up 19% with regional performances as follows: the China Region up 49%, North America up 32%, UK up 10% and Asia Pacific up 9%. Europe sales were lower year on year and other overseas markets were up 13%. In March, Jaguar sold 11,731 vehicles up 19%.
In the first quarter of 2014, Land Rover sold 100,745 vehicles up 6% with regional performances as follows: the China Region up 33%, Asia Pacific up 15% and North America up 8%. The UK, Europe and other overseas markets were down slightly. In March, Land Rover sold 43,452 vehicles, in line with prior year, with strong performances across the range.
Tata Motors’ total sales (including exports) of Tata commercial and passenger vehicles in March 2014 were 51,184 vehicles. The company’s domestic sales of Tata commercial and passenger vehicles for March 2014 were 45,996 nos.
Cumulative sales (including exports) for the company for the fiscal were 566,695 nos.
The company’s sales of commercial vehicles in March 2014 in the domestic market were 33,356 nos., LCV sales were 20,938 nos., while M&HCV sales stood at 12,418 nos.
Cumulative sales of commercial vehicles in the domestic market for the fiscal were 378,348 nos. Cumulative LCV sales were 268,117 nos., while M&HCV sales stood at 110,231 units.
Sales of passenger vehicles for March 2014 were at 12,640 nos. Sales of the Nano/ Indica/ Indigo range in March 2014 were 9,761 nos. The Sumo/ Safari/ Aria/ Venture range sales were 2,879 nos.
Cumulative sales of passenger vehicles were 138,455 nos. Cumulative sales of the Nano/ Indica/ Indigo range were at 107,187 nos. Cumulative sales of the Sumo/Safari/ Aria/ Venture range were 31,268 nos.
The company’s sales from exports were 5,188 nos. in March 2014. Cumulative sales from exports for the fiscal were 49,892 nos.
Table No.1.JLR Sales
Table No.2.Tata Motors