MercoPress. South Atlantic News Agency
Strong sales of Jaguar and Land Rover help boost Tata profits
Tata Motors has reported a big jump in profits thanks to strong sales at its Jaguar Land Rover business. Net profits at India's biggest carmaker tripled to 53.98bn rupees (882m dollars) in the three months to the end of June, far more than analysts had expected. Revenue grew by almost 40%.
Retail sales at Jaguar Land Rover rose by 22% over the period. The strong sales growth of these luxury brands helped mask a 28% fall in domestic vehicle sales.
“A continuing weak operating and economic environment in the standalone business was more than offset by strong demand for new products, growth in volumes, richer product mix and richer geographic mix at Jaguar Land Rover,” the company said in a statement.
Shares in Tata Motors raised by more than 3% ahead the results announcement.
The company is due to launch its new Zest model this week, which it hopes will boost sales of Tata-branded cars
Top Comments
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Read all commentsjaguar, rover and land rover were crap when they were british.
Aug 18th, 2014 - 01:25 pm 0at least they are more or less profitable with the indians.
more or less the same with rolls royce and bentley.
they were the typical british cars with outdated technology, outdated design and no reliability.
if you want a car, buy a german one, or an italian, spanish, french, argentinian, whatever except british.
PMSL
Aug 18th, 2014 - 02:50 pm 0And just where does this genius think the the technology exists that designs, builds and exports these cars?
India!
Tosser.
People buy them because of what they are, British luxury cars.
Ask your friends the Chinese.
The INDIANS own Jaguar and Land Rover???
Aug 18th, 2014 - 04:42 pm 0Now that's what I call history having the ultimate sense of irony.
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