Tata Motors gains after JLR sales rise 32 percent in Jan
MUMBAI (Reuters) - Shares in Tata Motors (TAMO.NS) rose 3.5 percent in early trade after its unit Jaguar Land Rover (JLR) said it sold 34,877 vehicles during the first month of 2013, an increase of 32 percent versus the same period last year.
Nomura said in a report on Monday that there is a likelihood that actual volumes of JLR may come in above its estimates or 35,000 units.
(Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Data released on Friday showing a slowdown in India's economy will put the Reserve Bank under renewed pressure to cut interest rates, while Prime Minister Narendra Modi takes his time over reforms needed for a revival. Full Article