JLR sales drive Tata profits to Rs2k crore

Tata Motors’ acquisition of Jaguar-Land Rover, which seemed at one point a risky move, is paying off. Net profits (consolidated) for the July-September 2010 quarter zoomed to Rs 2,223 crore from Rs 21.1 crore in the same period last year.

26 Nov 2010 | 2712 Views | By Autocar Pro News Desk

JLR’s net profit in Q2 stood at £238 million or around Rs 1,715 crore. JLR’s sales volume grew 72 percent to 5,801 units. China, where the company is planning to set up an assembly facility, contributed to 10 percent of JLR’s sales.

JLR will commence local assembly of Land Rover, ...

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