Tata Motors improving performance with high sales

Tata Motors India's largest commercial vehicle manufacturer has registered a good sales growth in Domestic market. In last one year Tata Motors is going through a tough phase with declining sales of its recently overtaken JLR group. Besides this the company faced a very strong protest at its Nano plant at West Bengal. But now the company is seems to be leaving behind its bad phase with rising sales in both domestic and overseas market.

Where the UK based subsidiary of Tata Motors registered a sales growth of 28 percent in the month of December, while on the other hand the Range Rover registered a sales growth of 32 percent in the same period. The consolidated sales of the company increased to Rs 26 crore in the last quarter of last year.

The JLR group registered a 38 percent sales growth thanks to its Volume growth, higher realizations due to a better product mix and lower incentives. The JLR managed to receive a revenue of 13,524 crore in this period. Despite the double fold increase depreciation charges, JLR managed to post a profit of Rs 379 crore, as compared to a loss of Rs 414 crore in the September quarter.

Tata Motors' net profit was Rs 650 crore in the last quarter of last year as against loss of 2600 crore in the same period of preceding year.  Tata Motors Stocks jumped 6 times since a March 2009.