Tata Motors up 4% after rise in JLR April retail sales

The stock moved higher by 4% to Rs 347 after JLR reported 11.9% y-o-y growth in total retail sales of 45,180 vehicles in April 2018.

Shares of Tata Motors have moved higher by 4.4% to Rs 347 per share on the BSE after the company owned car-maker in UK, Jaguar Land Rover (JLR) reported 11.9% year on year (y-o-y) growth in total retail sales of 45,180 vehicles in April 2018.

Sales were primarily driven by the introduction of new models including the Range Rover Velar (winner of the 2018 World Car Design of the Year award), Land Rover Discovery and the Jaguar E-PACE, the company said in a press release.

Retail sales for April were up significantly y-o-y in China (28.9%), the UK