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Jaguar boosts profits at Tata Motors parent company.
Published: 9th Aug 2012 11:35:08
A 30% rise in sales by luxury carmaker Jaguar Land Rover (JLR) boosted Indian parent company Tata Motors' profits during the April to June quarter.
Net profits came in at 22.45bn rupees ($405m; £260m), up 12% when compared with the same period a year earlier.
The UK subsidiary's strong performance helped offset weak car, truck and bus sales in India, but failed to mollify investors.
Shares fell because investors had expected profits of 27.61bn rupees.
Source:
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Harvard Citation
BBC News, 2012. Jaguar boosts profits at Tata Motors parent company.. [Online] (Updated 09 Aug 2012)Available at: http://www.ukwirednews.com/news.php/1445329-Jaguar-boosts-profits-at-Tata-Motors-parent-company [Accessed 25th May 2013]
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