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Tata Motors surges 3% on strong growth in US JLR sales

Shares of Tata Motors rose over 3 percent on Friday morning as investors cheered good US sales data for JLR.

The total JLR US sales rose 24 percent at 14,079 units against 11,394 units last year.

The total land rover US sales have risen 33 percent at 10,617 units against 7,980 units last year.

The total Jaguar US sales rose 1.4 percent at 3,462 units against 3,414 units in December 2017.

The stock has lost 3 percent in the past one month, while in the past three days, it has eroded around 2 percent.

At 09:29 hrs Tata Motors was quoting at Rs 170.90, up Rs 4.70, or 2.83 percent, on the BSE. It touched an intraday high of Rs 171.80 and an intraday low of Rs 168.10.

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