India's Tata Motors surges after unit JLR margins beat estimates

MUMBAI (Reuters) - Shares in Tata Motors Ltd surge after the company's third-quarter net profit tripled to its highest in a year-and-a-half on strong demand for its luxury Jaguar Land Rover vehicles.

Margins for the company's Jaguar Land Rover unit came in at 17.9 percent versus expectations of 16 percent, analysts said.

Tata Motors shares were trading up 4.1 percent at 9:28 a.m.

(Reporting by Abhishek Vishnoi; Editing by Sunil Nair)