Jaguar Land Rover Drives Full Profit For Tata

Written By Unknown on Minggu, 10 November 2013 | 00.02

The Indian owners of Jaguar Land Rover (JLR) have seen a 71% jump in quarterly profit, due to the success of its British unit.

Tata Motors reported the profit surge as the carmaker's domestic business continued to suffer in a weak economy.

The company had net profit of 35bn rupees (£350m) for the quarter that ended September 30.

The figure was above analysts' expectations.

The result was entirely due to JLR, where profit climbed 66% to £507m.

Tata said there was strong demand for JLR's new Range Rover and other models.

That offset losses from slumping Indian sales of Tata's own branded cars.

The company's Indian vehicle sales declined 33% from the same quarter last year and the domestic business reported a loss of 8bn rupees (£79bn).

Tata Motors acquired Jaguar Land Rover in 2008.

What Car? editor in chief Chas Hallett told Sky News: "JLR is going from strength to strength and these financial results prove that making world class cars that are globally demanded is the way to make money.

"Jaguar is a little behind Land Rover at the moment but it has shown enough of its future models to make us believe that it may not be the junior partner forever."

A slowing economy and high interest rates on loans have impacted India's domestic car sales.

Shares of Tata Motors were up 1.1% on the Bombay Stock Exchange before the quarterly report, which was released after trading closed on Friday.


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