Tata Motors Ltd reported about a 13-fold rise in quarterly profit on Monday, driven by higher sales from its Jaguar Land Rover (JLR) business after a particularly weak quarter a year earlier.

Net profit for the quarter ended December 31 came in at Rs 12 billion versus Rs 937.7 million in the same quarter a year earlier.

Tata Motors expects demand for trucks to remain strong for the next two years on back of the improving performance of the core sectors, pick up in infrastructure projects and implementation of BSVI emission norms in 2020 that is likely to prompt transporters to advance purchase, said Girish Wagh, head of truck and business at Tata Motors. Truck sales in India - a proxy for economic activity, have been on a rise in eight out of nine months of the current financial year.

Tata Motors on Wednesday reported 23 per cent increase in total global sales at 1,16,677 units for December 2017.

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in December 2017 were at 47,182 units, an increase of 53 per cent over the same month previous year, the company said in a statement.

Homegrown auto major Tata Motors MD and CEO Guenter Butschek has called employees to bolster accountability and drive performance within the organisation as the firm seeks to build on the positives of its turnaround drive that is expected to be completed by March.

In his New Year message to employees, Butschek said several steps taken in 2017 such as accelerated efforts on sales enhancement, rigorous cost reduction have shown quick results on market share and bottom-line improvement, but the effort needs to continue.

Tata Motors and Ashok Leyland were trading higher by 3% each, recovering from their respective intra-day lows, after they reported a strong set of sales numbers in December 2017.

Tata Motors was up 3% at Rs 439, its highest level since November 10, 2017 on the BSE, after the company’s commercial and passenger vehicles domestic sales grew 52% at 54,627 units in December.

JLR retail volumes increased by 10% y-o-y in November 2017, the first month of near double-digit growth after five months of disappointment. Land Rover volumes grew by 17% y-o-y led by new Discovery and RR Velar. JLR needs to report 8% y-o-y growth during the December 2017-March 2018 period to meet our FY2018 estimates. We feel confident of JLR achieving this as new Velar, launch of E-Pace and Discovery will boost volumes. Maintain BUY. JLR retail volume rose by 10% y-o-y to 52,332 units in November 2017.

NEW DELHI: Tata MotorsBSE 0.07 % on Monday said it will increase prices across its range of passenger vehicles by up to Rs 25000 from Jan 2018 due to rise in input rising input costs.

Mayank Pareek, President, Passenger Vehicle Business, Tata Motors, "The changing market conditions, rising input costs and various external economic factors have compelled us to consider the price increase.

New Delhi: Tata Motors on Friday reported 22 per cent increase in its total global sales at 1,12,473 units for November.

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in November 2017 were at 40,845 units, an increase of 51 per cent over the same month last year, the company said in a statement.

Mumbai: Tata Motors on Wednesday rolled out the first batch of the electric variant of its compact sedan Tigor from its Sanand facility in Gujarat.

The first batch of e-Tigors are being produced for the Energy Efficiency Services (EESL), which had placed an order for 10,000 electric sedans in October, and are part of the first 350 orders that the company had won in the first phase.

To push sales during the year-end period, automobile major Tata Motors on Monday said that it has launched a 'Mega Offer Max Celebration' sales offer.

According to the company, the offer provides an opportunity to customers "to drive home a Tata car at a down payment of Rs 1 and enjoy savings of up to 1 lakh, depending on the model and variant".

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