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Tata Motors shares up nearly 3% on JLR sales boost

Press Trust of India  |  New Delhi 

Shares of rose nearly 3 per cent Tuesday after the company-owned reported 16.23 per cent increase in its sales in in 2018.

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

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

(JLR) Tuesday reported 16.23 per cent increase in its sales in at 4,596 units in 2018.

The company had sold 3,954 units in 2017, 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 Sport, Evoque, Jaguar F-PACE, XE and XF, it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 19:01 IST
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