MUMBAI Tata Motors Ltd's(TAMO.NS) global vehicle sales rose 6 percent in October from a year earlier, the Indian company said, with sales at its key Jaguar Land Rover subsidiary rising 7 percent, after falling in September for the first time in 14 months.
Tata Motors, part of the salt-to-steel Tata Group conglomerate, sold a total of 100,660 vehicles in October. Overall passenger car sales stood at 49,264 vehicles, down 5 percent from a year earlier.
Tata said 27,897 Jaguar Land Rover vehicles were sold during the month. Commercial vehicle sales rose 19 percent to 51,396. (Writing by Henry Foy; Editing by Sunil Nair)
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article