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Tata Motors (TTM) November Wholesales Up 1%; Stock Gains
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Tata Motors Limited’s shares gained 3.1% on Dec 9, after the automaker reported that its global wholesales, inclusive of Jaguar Land Rover, increased 1% year over year to 91,832 vehicles in Nov 2016. Cumulative global wholesales for Apr through Nov 2016 were 727,726 vehicles, up 8% from the year-ago figure.
Global wholesales of all Tata Motors’ commercial vehicles and the Tata Daewoo range were 26,970 vehicles in Nov 2016, down 7% from the comparable year-ago figure. However, cumulative commercial vehicle sales from April through November were up 5% year over year, at 253,802 vehicles.
Global wholesales of all passenger vehicles in the month of November rose 5% to 64,862 units, while cumulative sales from April through November improved 6% to 473,924 units.
Jaguar Land Rover recorded global sales of 51,792 vehicles in Nov 2016. Cumulative wholesales for the April–November period were 369,231 vehicles. Jaguar wholesales were 17,284 vehicles in November and 110,782 units for April–November. Land Rover sales totaled 34,508 vehicles for last month and 258,449 units for April through November.
So far this year, Tata Motors’ shares have outperformed the Zacks categorized Auto Manufacturers-Foreign industry due to comparatively poor market performance of Japanese automakers.
Zacks Rank & Key Picks
Tata Motors, carrying a Zacks Rank #5 (Strong Sell), is one of the leading automotive manufacturers in India. The company also has operations in the U.K., South Korea, Thailand, South Africa and Indonesia.
Some better-ranked auto stocks include Allison Transmission Holdings, Inc. (ALSN - Free Report) , America's Car-Mart Inc. (CRMT - Free Report) and Rush Enterprises, Inc. (RUSHA - Free Report) .
Allison Transmission, sporting a Zacks Rank #1 (Strong Buy), has a long-term growth rate projection of 11%.
Rush Enterprises, carrying a Zacks Rank #2 (Buy), has a long-term expected growth rate of 15%.
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Tata Motors (TTM) November Wholesales Up 1%; Stock Gains
Tata Motors Limited’s shares gained 3.1% on Dec 9, after the automaker reported that its global wholesales, inclusive of Jaguar Land Rover, increased 1% year over year to 91,832 vehicles in Nov 2016. Cumulative global wholesales for Apr through Nov 2016 were 727,726 vehicles, up 8% from the year-ago figure.
Global wholesales of all Tata Motors’ commercial vehicles and the Tata Daewoo range were 26,970 vehicles in Nov 2016, down 7% from the comparable year-ago figure. However, cumulative commercial vehicle sales from April through November were up 5% year over year, at 253,802 vehicles.
Global wholesales of all passenger vehicles in the month of November rose 5% to 64,862 units, while cumulative sales from April through November improved 6% to 473,924 units.
Jaguar Land Rover recorded global sales of 51,792 vehicles in Nov 2016. Cumulative wholesales for the April–November period were 369,231 vehicles. Jaguar wholesales were 17,284 vehicles in November and 110,782 units for April–November. Land Rover sales totaled 34,508 vehicles for last month and 258,449 units for April through November.
TATA MOTORS-ADR Price
TATA MOTORS-ADR Price | TATA MOTORS-ADR Quote
So far this year, Tata Motors’ shares have outperformed the Zacks categorized Auto Manufacturers-Foreign industry due to comparatively poor market performance of Japanese automakers.
Zacks Rank & Key Picks
Tata Motors, carrying a Zacks Rank #5 (Strong Sell), is one of the leading automotive manufacturers in India. The company also has operations in the U.K., South Korea, Thailand, South Africa and Indonesia.
Some better-ranked auto stocks include Allison Transmission Holdings, Inc. (ALSN - Free Report) , America's Car-Mart Inc. (CRMT - Free Report) and Rush Enterprises, Inc. (RUSHA - Free Report) .
Allison Transmission, sporting a Zacks Rank #1 (Strong Buy), has a long-term growth rate projection of 11%.
America's Car-Mart has a long-term expected growth rate of 45.5%. The company sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Rush Enterprises, carrying a Zacks Rank #2 (Buy), has a long-term expected growth rate of 15%.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>