Tata Motors, India's largest automobile company and leader in commercial vehicles across segments, witnessed a rise in share price on Thursday after the Jaguar Land Rover Tuesday announced that it is to double the size of its Engine Manufacturing Centre (EMC) as part of a Pound 450 million expansion programme.
This latest news from the UK's leading manufacturing investor is a clear signal of the company's long-term commitment to Britain.
The total investment in the site, which opened a year ago, now stands at Pound 1 billion making it the most significant new automotive manufacturing facility to be built in the UK in the last decade.
Shares of Tata Motors are trading at Rs 408.00, up Rs 6.95, or 1.73% at the Bombay Stock Exchange (BSE) on Thursday at 9:50 a.m.
Total volume of shares traded on the bourses today was lower by 86.78% to 1,198,286 compared with 22-day average volume of 9,064,006.