Tata Motors global sales up nearly 16% to 86,288 units in August

Tata Motors on Friday reported nearly 16% rise in global car sales including that of Jaguar Land Rover (JLR) for August this year.

The company's global car sales in August grew 15.61% to 86,288 units as against 74,639 units in August 2015, Tata Motors said in a filing to the BSE.

Tata Motors' global sales of passenger vehicles during the period increased by 24.8% to 56,104 units as against 44,956 units in the year-ago period.

Global Sales of its luxury car brand Jaguar Land Rover  (JLR) in August was up by 27.7% to 42,260 units as compared to 33,103 units in the corresponding period of last year, the company said in a statement.

However, the company's global sales of its commercial vehicles and Tata Daewoo range during the month remained flat at 30,184 units from 29,683 units in the same period last year, it added.

The stock of Tata Motors closed down 1.98% or Rs 11.55 at Rs 573.00 on the BSE on Friday.