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Tata Motors shares up nearly 3% on Jaguar Land Rover sales boost

New Delhi: Shares of Tata Motors rose nearly 3 percent on Tuesday after the company-owned Jaguar Land Rover reported 16.23 percent increase in its sales in India in 2018.

The stock gained 2.34 percent to close at Rs 179.35 on the BSE. During the day, it surged 2.99 percent to Rs 180.50.

 Tata Motors shares up nearly 3% on Jaguar Land Rover sales boost

Representational image. Reuters.

On the NSE, shares of the company went up by 2.62 percent to close at Rs 179.95.

Jaguar Land Rover (JLR) on Tuesday reported 16.23 percent increase in its sales in India at 4,596 units in 2018.

The company had sold 3,954 units in 2017, Jaguar Land Rover India said in a statement.

The sales volume achieved in 2018 was the highest in a calendar year for the company. The sales were driven by models such as Land Rover Discovery Sport, Range Rover Evoque, Jaguar F-PACE, XE and XF, it added.

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Updated Date: Jan 08, 2019 19:18:39 IST