Record U.S. Land Rover Sales Fuel Tata Motors Stock Rally

Jaguar Land Rover U.S. deliveries rose 61% in September
Company expects boost from new Jaguar model introductions

Ranger Rover and Land Rover automobiles line up ready for dispatch on a vehicle transporter at the Jaguar Land Rover Plc assembly plant in Solihull, U.K., on Wednesday, July 24, 2013. Tata Motors Ltd., India's biggest automaker, posted profit that beat analyst estimates as the Jaguar XF, Land Rover Freelander and the best-selling Evoque accounted for more than 50 percent of the luxury unit's sales.
Photographer: Simon Dawson/Bloomberg

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By Siddharth Philip

October 5, 2015 at 5:06 AM UTC

Updated on

October 5, 2015 at 10:43 AM UTC

This article is for subscribers only.

Tata Motors Ltd. climbed the most in almost six weeks in Mumbai trading after sales of its Jaguar Land Rover U.S. unit surged 61 percent in September, paced by record demand for sport utility vehicles.

Shares of Tata Motors surged 5.8 percent to 315.15 rupees, the most since Aug. 25. The stock was the biggest gainer on the benchmark S&P BSE Sensex, which rose 2.2 percent.