Tata Motors spurts over 3% on plans to recruit 1000 Chinese workers for JLR

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Tata Motors spurts over 3% on plans to recruit
Shares of auto giant Tata Motors rose over 3 per cent in early trade on Bombay Stock Exchange (BSE) after the company proposed to recruit 1,000 local Chinese workers for its 1-billion pound Jaguar Land Rover (JLR) joint venture in China, which will include a new engine plant.

The West Midlands-based car maker has been training 50 of those workers at its Halewood plant in Merseyside, according to 'The Sunday Times'.

Cheering the news, shares of the company gained as much as 3.27 per cent to trade at Rs 391.10 a piece on the BSE. In a similar fashion, shares of the company advanced 2.03 per cent to Rs 387.35 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 20,866.41, down 16.48 points or 0.08 per cent at 10:15 hours.

Dion Global Solutions Ltd.

Story first published: Monday, October 21, 2013, 12:45 [IST]
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