Tata Motors is trading higher by 3% at Rs 378 after its British subsidiary Jaguar-Land Rover (JLR) has reported a strong 21% year-on-year growth in retail sales at 40,635 units for the month of December 2013.
The performance continues to be driven by strong momentum in the newly launched models with sustained growth traction across the world markets, especially in China, Rest of the World and North America.
Meanwhile, JLR posted record sales for 2013 as the iconic British luxury brands sold 425,000 cars worldwide, the PTI report suggests.
The UK-based company is now planning to hire nearly 2,000 extra employees to meet growing demand, bringing its total staff in the country to more than 26,000, adds report.
The performance continues to be driven by strong momentum in the newly launched models with sustained growth traction across the world markets, especially in China, Rest of the World and North America.
Meanwhile, JLR posted record sales for 2013 as the iconic British luxury brands sold 425,000 cars worldwide, the PTI report suggests.
The UK-based company is now planning to hire nearly 2,000 extra employees to meet growing demand, bringing its total staff in the country to more than 26,000, adds report.