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• Tata Motors gains on strong JLR global retail volumes

Discussion in 'Trading Strategies & Systems' started by capitalstars05, Jan 11, 2016.

  1. capitalstars05

    capitalstars05 New Member

    Sep 26, 2014
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    Shares of auto major gained over 2% to Rs361 on NSE in an otherwise volatile markets as the Jaguar Land Rover December 2015 global retail volumes were up by 19.7% YoY to 49,553 units; Strong growth in developed economies. Jaguar volumes were up 20.4% YoY to 8,382 units. The growth was largely attributable to the new XE which retailed 3,952 units. Land Rover volumes for the month were up by 19.6% YoY at 41,171 units. The newly launched Discovery Sport retailed 10,048 units which aided growth. The developed economies performed well for JLR with UK retails growing 31.9%, North America volumes higher by 29.7% and an impressive 50.2% growth in rest of Europe. However, China sales for the month were weak and down 10.3% YoY at 10,403 units. Rest of the world sales were up 15.9% to 9,675 units..

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