Better-than-expected volumes in the September quarter at its British subsidiary Jaguar Land Rover (JLR) led to an 8 per cent surge in the stock price of Tata Motors. JLR reported volume growth of 50 per cent on a sequential basis, led by higher sales in China and the UK. This growth was led by improving demand and new launches, such as the Land Rover Defender. A large part of growth in Q2 came in September.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Already a premium subscriber? LOGIN NOW
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- 26 years of website archives.
- Preferential invites to Business Standard events.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Wed, October 07 2020. 01:22 IST