Updated on
Summary Tata Motors acquired Jaguar Land Rover in 2008.
MUMBAI (AP) - India s Tata Motors reported a 71 percent jump in quarterly profit due to a strong performance at its Jaguar Land Rover unit. The automaker s domestic business continued to suffer.
Tata Motors said Friday it had net profit of 35 billion rupees ($560 million) for the quarter ended Sept. 30.
The result was entirely due to Jaguar Land Rover, where profit climbed 66 percent to 507 million pounds ($815 million). That offset losses from slumping Indian sales of Tata s own branded cars.
