Tata Motors rallies 14% in four days on strong JLR, domestic sales

Shares of Tata Motors have moved nearly 5% higher to Rs 372 per share, extending their 9% surge on BSE in the past three days, after Jaguar Land Rover (JLR) India reported a strong 83% rise in FY18 sales.
Tata Motors-owned JLR on Tuesday said it plans to bring 10 new products in India in 2018-19 (FY19), riding high on 83% jump in sales in the last fiscal.

Meanwhile, in March 2018, Tata Motors registered a growth of 35% at 69,440 units as against 51,309 units over last year due to the continued strong sales performance of its commercial and passenger vehicles business in the domestic market.

The cumulative domestic sales performance of the commercial and passenger vehicles business for FY18 was 586,639 units compared to 478,362 units, a growth of 23%, over FY17, Tata Motors said in a press release.