Mumbai (Maharashtra), Oct. 17 -- : Shares of Tata Motors rallied by over 13 per cent and those of Motherson Sumi Systems gained by 9.3 per cent after Britain and the European Union (EU) agreed on a new Brexit deal.
Both companies have exposure to Britain and Brexit has been one of the reasons that impacted their earnings for several quarters.
Tata Motors closed the day at Rs 142.55 per share at the National Stock Exchange, up 13.27 per cent. On the other hand, Motherson Sumi Systems wound up at Rs 108.60 per share at the BSE.
Jaguar Land Rover (JLR), part of Tata Motors since 2008, is Britain's largest automotive manufacturer.
In March, a subsidiary of transportation component major Motherson Sumi Systems acquired assets of Bombardier T...