Jaguar Land Rover to Roll Out More Models to Spruce Up Demand
- Tata Motors net triples to 24.8 billion rupees, tops estimate
- Jaguar to spend $1.31 billion in new capacity in the quarter
Jaguar Land Rover CEO on Electric, Diesel Vehicles
This article is for subscribers only.
Jaguar Land Rover’s Indian parent reported its biggest profit jump in six quarters after the luxury car brand began selling new models.
Tata Motor’s profit almost tripled on the back of a better product mix. Net income was 24.8 billion rupees ($382 million) in the September quarter, up from 8.3 billion rupees a year earlier, according to a filing. Earnings beat the 18.4-billion rupee mean of nine analysts’ forecasts on an estimated revenue of 689 billion rupees.