Strong Jaguar Land Rover sales help push Tata back into profit

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Submitted by admin on Wed, 08/11/2010 - 01:01

Last updated at 3:47 PM on 10th August 2010

Higher sales and improved profitability of its Jaguar and Land Rover brands helped Tata Motors post a quarterly profit, sending its shares up to their highest level in more than four years.
The company's net profit for the second quarter was 19.9bn rupees, compared to a 3.3bn loss during the same quarter last year.

On the up: Tata plans to start assembling Land Rover vehicles in India

Tata sold 57,153 Jaguar and Land Rover vehicles during the period, up from 35,947 vehicles last year.
Chairman Ratan Tata recently said in the company's annual report that it would widen its Jaguar cars portfolio, including an entry-level car, a station wagon and a roadster.
The company revealed plans to start assembling Land Rover vehicles in India from next year.
Tata also said that it is also in talks for an assembly line operation in China.

 

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