Tata Motors’ Scrip Touches 52-week High As JLR Sales Climb 30% In April

Shares of Tata Motors rose 2.1% in intra-day trade to hit the 52-week high of Rs 455.55. Earlier, its subsidiary Jaguar Land Rover (JLR) had reported 30% increase in worldwide sales for April, which stood at 37,171 units.

At 9:20 am, Tata Motors was trading 1% higher at Rs 448.90. It hit an intra-day low of Rs 448 and a 52-week high of Rs 455.55 on the Bombay Stock Exchange.

“The company's sales were up 72% in the China region, 19% in North America, 25% in the Asia-Pacific and 27% in Europe,” JLR said in a statement.

"April sales continue the positive momentum we saw in the first quarter of 2014. Alongside the F-Type, all three Range Rover models delivered record sales performances in April, reflecting the global appeal of our strongest ever vehicle line-up," said JLR Group sales operations director, Andy Goss.

In April, the Range Rover Sport performed the best since 2006, the company said.
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