Tata Motors, which had lost the tag of the country’s most valued automobile company to Maruti Suzuki in July this year, has added Rs 29,000 crore to its market capitalisation in the past 11 trading sessions.

This has come on the back of a 36 per cent surge in the stock price, triggered by improved outlook for sales of its Jaguar Land Rover arm. JLR, its luxury vehicle business, accounts for 83 per cent of the consolidated revenue. Maruti Suzuki, which has rallied almost 50 per cent in a year on improving market share and margins, has a market cap of Rs 132,306 crore (as on Thursday).

Tata Motors has rallied 5% to Rs 369 on the BSE after the company-owned Jaguar Land Rover (JLR) sold 47,634 units globally in September, up 3% compared to the same month last year.

A combined nearly 3.2 million shares changed hands on the counter on the BSE and NSE.

Tata Motors' Jaguar Land Rover will invest $2 billion to build a plant in Slovak Republic which will help create over 50,000 jobs, European nation's economy minister Vazil Hudak said.

"We are happy to inform you all that the first Indian company to invest in Slovak Republic is Tata's JLR. They will invest $2 billion in the first phase," Hudak was quoted as telling a industry meet yesterday.

Focus on quality—that was the stern message that went out to the vendors of Tata Motors Ltd from Cyrus P. Mistry, chairman of the Tata Group at the company’s annual vendors’ meet on Tuesday.

Addressing around 200 suppliers in Pune, Mistry warned that “relationships may get compromised”, if vendors do not work with the company on improving quality, said four people who attended the meet.

Tata Motors is negotiating with the governments of Andhra Pradesh, Tamil Nadu and Maharashtra for grant of stage carriage permits for its passenger carrier Magic, a 4 to 7- seater vehicle. If granted, the permit can be used for local transportation purposes.

With several other states, where the vehicle has been given the carriage permit on specific routes, the company is in talks with the authorities for expanding it to other routes.

Tata Motors has rallied 8% to Rs 322 on the BSE and the NSE in early morning trades on reports that Peugeot in talks with the company to make cars in India. The stock recorded its sharpest intra-day gain in past two years.

Earlier, in September 10, 2013, it rallied 10.8% during intra-day trade after the company's unit Jaguar Land Rover (JLR) reported a strong sales numbers for the month of August. The stock had finally closed 9.9% higher on the BSE.

Tata Motors, India’s largest automaker, is trading at nearly half the price it was only six months ago. On a valuation basis, the stock now trades at 7.7 times its expected FY16 profit numbers, against 24.1 times for car major Maruti Suzuki and 22.6 times for Ashok Leyland, its main competitor in the commercial vehicle segment.

So does it make sense to buy Tata Motors at current levels, given the huge valuation gap with its peers? Nearly 68% of the analysts who track the company say that the stock is a buy, while 8% feel it is a hold and only 24% say it is a sell.

Amid many waiting for the Supreme Court to allow a commercial launch of quadricycles, Tata Motors is aggressively pushing its small commercial vehicle, the Magic Iris, as a replacement for the passenger three-wheeler.

The company, which has staunchly opposed the introduction of quadricycles in India, is holding discussions with various state governments to allow its Magic Iris to be registered as a fare-metered taxi. This will put the five-seater Iris in direct competition to the proposed quadricycle, whose launch has been marred by a series of litigation since the past two years.

Tata Motors stock fell over 2% in the intraday trade on Friday. At 1025 hours, the shares of the firm were at Rs 330.25, down 2.26% from its previous close.

On Friday Morning, Tata Steel, the parent company of Tata Motors, has decided to sell shares of the automaker worth up to $188 million, according to a Reuters report.

Tata Motors today launched the updated version of its sports utility vehicle Safari Storme in Nepal, with price starting at Nepalese Rupees (NPR) 42.25 lakh.

The company, which is showcasing its products at the 11th NADA Auto Show in Kathmandu, will sell the LX variant of the vehicle at NPR 42.25 lakh and the high-end VX Trim at NPR 56.85 lakh.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.