Auto stocks on higher gear; Tata Motors accelerates 5.6%

Tata Motors has jumped 5.6% to Rs. 403.50 after the company reported October JLR sales in US surged 76.1 percent at 8,187 units from 4,650 units yoy. Land Rover US sales were up 97.6% at 7,199 units in October from 3,643 yoy.

Auto stocks are getting on higher gear on the street. Tata Motors has jumped 5.6% at Rs. 403.50 after the company reported October JLR sales in US surged 76.1 percent at 8,187 units from 4,650 units yoy. Land Rover US sales rallied 97.6 percent at 7,199 units in October from 3,643 yoy. However, Jaguar's sales dipped moderately by 1.9% and clocked 988 units from 1,007 units (Y-o-Y).

Ashok Leyland has gained 2.8% at Rs.93. The company is scheduled to announce its September quarter earnings today.

Bajaj-Auto, Cummins India and Hero MotoCorp trading up 1% respectively.