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Tata Motors riding on JLR's strong volume trend; stock rises 8%

Domestic volume trajectory and rising cash flows are the other triggers

Topics
Tata Motors | Tata Motors Jaguar Land Rover | Jaguar Land Rover

Ram Prasad Sahu  |  Mumbai 



tata motors
Analysts at JM Financial indicate EU's auto demand has started to recover and global automakers are turning optimistic about growth in the second half of the calendar year

Better-than-expected volumes in the September quarter at its British subsidiary (JLR) led to an 8 per cent surge in the stock price of . 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.

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First Published: Wed, October 07 2020. 01:22 IST

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