Tata Motors shares raced ahead more than 4 per cent on the BSE after the auto major reported a recovery in Jaguar Land Rover sales in the December quarter. The shares touched an intra-day high of ₹ 229.50, up 4.2 per cent on the BSE on the back of the news development. At 9:30 am, the shares of Tata Motors were trading off their intra-day highs at ₹ 225.70, up 2.5 per cent, on the BSE.
Jaguar Land Rover’s retail sales for the quarter ended December 31, 2020 stood at 128,469 vehicles, 13.1 per cent higher than 113,569 vehicles sold in the preceding quarter, Tata Motors said in a regulatory filing to the stock exchanges. The sales were, however, down 9.0 per cent compared to the same period last year.