Jaguar boosts profits at Tata Motors
August 10 , 2012
A 34 percent increase in sales by luxury carmaker Jaguar Land Rover (JLR) uplifted Indian parent company Tata Motors' profits during the April to June quarter.
Net profits came in at $405 million, up 12 percent compared to the same period last year.
The UK subsidiary has helped counter weak car, truck and bus sales in India.
Passenger car sales in India fell 10 percent during the period while commercial vehicle sales rose 1.3 percent.
Meanwhile, JLR sales rose 34.4 percent boosted by strong demand in Russia and China.