Thursday, February 16, 2012

Jaguar Land Rover pushes up Tata's profits

Tata Motors has announced a 41% rise in profits booted by rise in sales by Jaguar Land Rover (JLR) despite fall in profits within the Indian market (falling more than half to 1.74bn Rupees).

The rise is attributed to sales (32,000) of the new Range Rover Evoque model.

In the three months to December 31, China has also overtaken UK as JLR's biggest market. China now accounts for 17.2% of total sales compared with 16.5% for the UK. Sales have also increased in Russia. In the same quarter, JLR had a profit of £440m, up 57% from a year earlier.

Source: BBC News.

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