The share price of Tata Motors Rallied up to 4% on Friday after the company’s arm reported strong Jaguar-Land Rover sales during the quarter of the current fiscal year. The company wholesales increased by 30% YoY to 93,253 units for the first time. Meanwhile, retail sales increased by 29% YoY to 1.01 lakhs units.

The company said the JLR’s order book remains strong at 185,000 units, reflecting strong client demand.

The demand for Range Rover Sports and Defender is particularly strong, with 76% on the order book.

The continued improvement in chip and other supply constraints drove strong sales for the first quarter.

While the wholesales were slightly lower for Q1 than the previous quarter, the production was up QoQ. Compared to the previous fiscal year, retail volumes overseas are up by 83%, With sales up in North America by 42%, in China up by 40%, and in the UK up by 6%, while sales in Europe remain the same.

On Friday, the shares of Tata Motors ended 3.51% higher at Rs 621.90 apiece on the BSE.