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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

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.