GO
Loading...

Tata Motors shares jump on strong JLR sales boost

Luxury Jaguar XK and F-type automobiles, produced by Jaguar Land Rover Plc, a unit of Tata Motors Ltd., travel along the production line at the company's assembly plant in Castle Bromwich, U.K.
Simon Dawson | Bloomberg | Getty Images
Luxury Jaguar XK and F-type automobiles, produced by Jaguar Land Rover Plc, a unit of Tata Motors Ltd., travel along the production line at the company's assembly plant in Castle Bromwich, U.K.

Shares of Tata Motors, India's biggest automaker by revenue, jumped 7.7 percent in pre-open trading after strong sales of its luxury Jaguar and Land Rover vehicles helped triple the company's first-quarter net profit.

Operating margins at its Jaguar Land Rover (JLR) unit rose to 20.3 percent from 15.8 percent a year ago.

Contact Autos

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More*