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JLR Boosts Tata’s Earnings
Tata Motors Ltd. tripled its net profit in April-June to 54 billion rupees ($882 million) as revenue surged 36% to 648 billion rupees ($10.6 billion).
Results for the company's fiscal first quarter were driven by its Jaguar Land Rover luxury vehicle unit.
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Tata Motors Ltd. tripled its net profit in April-June to 54 billion rupees ($882 million) as revenue surged 36% to 648 billion rupees ($10.6 billion).
Results for the company's fiscal first quarter were driven by its Jaguar Land Rover luxury vehicle unit. JLR's sales climbed 22% to 115,600 vehicles, and pretax profit rose to 924 million ($1.6 billion).
Deliveries of Tata-brand cars and trucks dropped 37% and 25%, respectively. The company's domestic operations reported a profit of 4 billion rupees ($65 million).
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