Tata Motors January global sales up 16%

Tata Motors January global sales up 16%

Mumbai: Tata Motors Ltd said on Tuesday its global vehicle sales rose 16% in January to 98,998 units.

Jaguar and Land Rover sales rose 25% to 20,377 units, driven by a 30% rise in Land Rover sales. Tata bought the British luxury brand unit JLR from Ford Motor Co. for $2.3 billion in 2008.

Tata Motors, part of the salt-to-software conglomerate Tata group, on Friday said surging sales at its luxury Jaguar and Land Rover unit helped quadruple third-quarter profit.

Tata, whose range includes utility vehicles, cars and the Nano, touted as the world’s cheapest car, pledged to lift prices aggressively to offset rising raw material costs.