Tata Motors rallies 6% on robust JLR sales, new product line-up

PTI New Delhi | Updated on April 04, 2018 Published on April 04, 2018

Shares of Tata Motors surged as much as 6 per cent in the morning trade as JLR India has reported 83 per cent rise in FY18 sales and lined up 10 new products for the new fiscal.

Tata Motors-owned Jaguar Land Rover had yesterday said it plans to bring 10 new products in India in 2018-19, riding high on 83 per cent jump in sales during last fiscal.

Following the announcement, Tata Motors’ stock opened at Rs 349.85, then touched an intra-day high of Rs 363.00, up 5.72 per cent over its previous closing price. On NSE, the stock opened at Rs 346.80, then jumped to a high of Rs 362.90, higher by 5.77 per cent over its previous closing price.

The company’s new products such as the fifth-generation all-new Land Rover Discovery and the New Range Rover Velar have been received very well in the market.

Besides, other models like Jaguar XE, XF and F-PACE and Land Rover Discovery Sport and Range Rover Evoque have also done well during the year, said Jaguar Land Rover India President & Managing Director Rohit Suri.

Published on April 04, 2018
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