Jaguar Land Rover Owner Tata Motors Beats Profit Estimate With Ease
- JLR reports highest production rate in nine quarters, CEO says
- JLR expects second quarter production and cash flow to drop
An engineer works on a Range Rover SUV at Tata Motors’s Jaguar Land Rover plant in Solihull, UK.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Tata Motors Ltd. reported better-than-expected first-quarter income as supply-chain constraints eased, helping to lift sales of luxury cars.
Net income was 32 billion rupees ($391 million) in the three months through June, compared with a loss of 50 billion rupees a year earlier, the Mumbai-based company said in a statement Tuesday. Analyst estimates on average were for net profit of 24.5 billion rupees.