Tata Motors share price mobilized 10% intraday on 5th Feb after luxury carmaker JLR (Jaguar Land Rover) showed a 2.8% year-on-year growth in UK sales. The stock has mobilized 47% in the last 6 months, specifically after government measures and among continuing improvement in domestic passenger vehicle sales.
The stock was mentioned at ₹181.75, up to ₹16.05, or 9.69%, on the BSE at 1452 hours.JLR sold 7,938 vehicles in January in the UK, against 7,722 vehicles sold in the same month last year.
![Tata Motors](https://www.abovestocks.com/wp-content/uploads/2020/02/JLR_Jaguar_Land_Rover_car.jpg)
January was weak in the US with sales turning down to 9.8% to 9,438 units year-on-year and the month-on-month fall was a huge 31.6%. Jaguar sales break down by 29.6 percent year-on-year (down by 34.5%month-on-month) to 2,168 vehicles. JLR sales busted down by 1.6% year-on-year (down by 30.7%month-on-month) to 7,270 vehicles in January 2020.
The month-on-month sales growth was at 28.6%.Jaguar sales grew by 9.6% year-on-year (up to 25.33 month-on-month) to 2,325 vehicles, while Land Rover sales increased bounded by 0.2% (up to 30% month-on-month) to 5,613 units in Jan 2020.
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Tata Motors had reported merged profit at ₹1,738 crores for the December quarter, against a loss of ₹26,992.5 crores in the previous year, helped by JLR that showed profit before tax of 318 million pounds and 350bps marginal gain YoY.