JLR’s total retail sales for the full 2016 calendar year also reached record levels with sales of 583,312 units, up 20% compared to 2015.
JLR’s global retail sales performance for December shows strong growth in China (up 36%), North America (up 30%) and Europe (up 8%) but softer sales in the UK (down3%) and in the other overseas market (down 16%), it added.
The stock of Tata Motors has rallied 17% from its recent low of Rs 433 touched on December 2, 2016, as compared to 2% rise in the Nifty 50.
At 11.35 am; it was up trading at Rs 504 after hitting low of Rs 492 on the NSE in intra-day trade. A combined 2.33 million shares changed hands on the counter on the BSE and NSE so far.