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Tata Motors Shares Gain on Strong JLR Sales in December

Tata Motors, which gets around 90 per cent of its annual revenue from its luxury brand JLR, reported 18.6 per cent growth in JLR sales at 50,972 units compared to 42,962 units in December 2014.
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Tata Motors' sales of commercial vehicles in December were up 6 per cent at 32,475 units from 30,597 units a year ago.
Tata Motors' sales of commercial vehicles in December were up 6 per cent at 32,475 units from 30,597 units a year ago.

Tata Motors shares gained over 1 per cent in an otherwise flat market on Tuesday after the company reported 7 per cent increase in its global sales for the month of December. 

In a release to Bombay Stock Exchange, Tata Motors said that it sold 91,762 units including its luxury car variant Jaguar Land Rover (JLR), in December 2015. 

Tata Motors had sold 85,742 units in December 2014. 



Tata Motors, which gets around 90 per cent of its annual revenue from its luxury brand JLR, reported 18.6 per cent growth in JLR sales at 50,972 units compared to 42,962 units in December 2014. 

In the passenger vehicles category, global sales of Tata Motors stood at 59,287 units last month as against 55,145 units in December 2014 - an increase of 8 per cent. 

Tata Motors' sales of commercial vehicles in December were up 6 per cent at 32,475 units from 30,597 units a year ago. 

Tata Motors shares closed 1.55 per cent lower at Rs 355.05 apiece compared to 0.58 per cent fall in the Sensex.



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