Tata Motors' shares rise 11% amid reports of tie-up with Tesla

Tata Motors' shares surged further 11% on Tuesday amid reports of it partnering with Tesla in India. On Monday, its shares had climbed 13%. Its shares also rose as it posted a 13.1% increase in the number of sales of Jaguar Land Rover (JLR) vehicles in the December quarter. The company added that China sales for JLR were "particularly encouraging".