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Tata Motors gains post December JLR global sales

The stock moved higher by 1% to Rs 505, bouncing back 3% from intra-day low on the NSE

A Jaguar Land Rover logo is seen on the building inside the Chery Jaguar Land Rover plant in Changshu
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A Jaguar Land Rover logo is seen on the building inside the Chery Jaguar Land Rover plant in Changshu

SI Reporter Mumbai
Tata Motors gained 1% to Rs 505, bouncing back 3% from intra-day low on the National Stock Exchange (NSE), after the company said Jaguar Land Rover (JLR) reported 12% rise in total retail sales of 55,375 vehicles in December 2016 over the previous year.

JLR, the UK’s leading manufacturer of premium luxury vehicles has achieved its best ever December sales performance in 2016, primarily driven by the ongoing success of the Jaguar F-PACE, Land Rover Discovery Sport and the Range Rover Sport as well as strong demand for the long wheel base Jaguar XFL in China, Tata Motors said