Tata Motors’ volume continued to grow in August, with its group global sales rising by 29% to 85,114 units. On Wednesday, the company said Jaguar Land Rover (JLR) sold 16,220 units in August, higher by 29% over the same period last year.

Of late, JLR has seen revived interest by its buyers, thanks to the facelifts and new launches in the segment. Jaguar sales for August stood at 3,788 units, higher by 33%, while Land Rover sales were 12,432 units, increased by 28%. During April?August 2010, JLR sold 92,759 units, up 46%.

Tata car sales, including those distributed, stood at 28,012 units in August, up 35%. The sales of all commercial vehicles touched 40,882 units in August, an increase of 25%. The pre-buying in India due to the new emission norms that set in Ocotber (Bharat Stage III) also boosted company’s commercial vehicles sales in the country.

However, Tata Motors’ shares after touching a new high on Tuesday declined on Wednesday with shares on the BSE ending at Rs 1,024.30, down 2.86%. The company is in the process of raising funds worth Rs 4,700 crore through various instruments and eye both domestic and foreign markets for it. Though no official announcement has been made by the company yet, according to reports the company may look at raising it through issue of shares with differential voting rights (DVRs). Citigroup Global Markets and Credit Suisse are believed to be advising Tata Motors on the issue.

On June 28, the board of the company had proposed, seeking shareholders? approval through a postal ballot, which has since been received, for raising funds equivalent to about Rs 4,700 crore through a combination of issue of ordinary shares, ?A? ordinary shares, convertible bonds, debentures, warrants or other equity linked instruments in the domestic and/or international markets in one or more tranches. The funds are to be used for company’s growth requirements as well as to reduce the debt on the balance sheet, it had said.