|Tata Motors profit soars on Jaguar Land Rover||| Print ||
|Written by Associated Press|
|Friday, 08 November 2013 07:37|
MUMBAI, India (AP) â€” India's Tata Motors reported a 71 percent jump in quarterly profit due to a strong performance at its Jaguar Land Rover unit. The automaker's domestic business continued to suffer.
Tata Motors said Friday it had net profit of 35 billion rupees ($560 million) for the quarter ended Sept. 30.
The result was entirely due to Jaguar Land Rover, where profit climbed 66 percent to 507 million pounds ($815 million). That offset losses from slumping Indian sales of Tata's own branded cars.
Tata Motors acquired Jaguar Land Rover in 2008.
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