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Mar 17, 2024 - 16:25
By asia.nikkei.com

Tata Motors stock soars on EV dominance in India, Jaguar rebound

SINGAPORE -- Major Indian automaker Tata Motors has seen its stock price boom this year on a strong recovery by subsidiary Jaguar Land Rover, as the company looks to bolster its already commanding lead in the domestic electric vehicle market.

Tata Motors shares closed at 946.2 rupees on Friday. With the stock price having climbed 21.2% since the start of 2024, Tata's market capitalization sometimes surpasses that of rival Maruti Suzuki.