Tata Motors hits 8-month high post JLR December retail sales numbers

Meanwhile, analysts expect Tata Motors to report first quarter of growth in October-December quarter (Q3FY20) after six consecutive quarters of a decline in profit.

Shares of Tata Motors hit an eight-month high of Rs 199, up 3 per cent on the BSE on Friday after its UK arm Jaguar Land Rover (JLR) reported retail sales of 52,814 vehicles for December 2019, up 1.3 per cent from the previous year. The stock of Tata Group commercial vehicles major was trading at its highest level since May 7, 2019.

“For the month of December, JLR retail sales were boosted by China (up 26.3 per cent year-on-year), a sixth successive month of double-digit growth. This offset lower sales in North America (-1 .1 per cent), UK