Shares in Tata Motors , the third largest Indian car maker by local sales, extended gains after global vehicle sales rose 26% in March from a year earlier.
Robust sales were partly driven by continued strong sales of its luxury Jaguar Land Rover vehicles.
Tata, part of the salt-to-steel Tata Group conglomerate, sold 139,655 vehicles in March. Passenger cars sales stood at 75,864 vehicles, a rise of 41% from a year previously.
Analysts say that a surge in global vehicle sales is coming as a boon for most players if compared to India 2011-12 car sales growth, which crashed to a 3-year low of 2.2%.
