Tata Motors (TTM) Wholesales Surge 20% In July; Shares Up
Zacks Investment Research | Aug 11, 2016 07:21AM ET
Tata Motors Limited’s (NYSE:TM) shares gained 1.3% on Aug 8, after the automaker reported that its global wholesales, inclusive of Jaguar Land Rover, increased 20% year over year to 88,159 vehicles in Jul 2016. Cumulative global wholesales for Apr through Jul 2016 were 349,413 vehicles, up 14% from the year-ago figure.
Global wholesales of all Tata Motors’ commercial vehicles and the Tata Daewoo range were 30,363 vehicles in Jul 2016, nearly same as the figure recorded in Jul 2015. Moreover, cumulative commercial vehicle sales from April through July were up 7% year over year, at 125,112 vehicles.
Global wholesales of all passenger vehicles in the month of July surged 34% to 57,796 units, while cumulative sales from April through July improved 18% to 224,301units.
Jaguar Land Rover recorded global sales of 43,932 vehicles in Jul 2016. Cumulative wholesales for the April–July period were 178,258 vehicles. Jaguar wholesales were 14,369 vehicles in July and 48,941 units for April–July. Land Rover sales totaled 29,563 vehicles for last month and 129,317 units for April through July.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.