Jaguar Owner Overtakes Maruti Suzuki as India’s Top Automaker
- Tata Motors shares have almost doubled in the past year
- JLR parent gains market share by focusing on EVs and SUVs
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Tata Motors Ltd. regained the mantle as India’s most valuable automaker from Maruti Suzuki India Ltd., a title it lost to the carmaker in 2016.
The company’s shares climbed 2.1% on Tuesday, valuing the owner of Jaguar Land Rover at nearly $38 billion. The company recorded a fourth straight quarter of profits in November, following a run of losses stretching back to the start of 2021.