Transportation
Jaguar Land Rover Owner Beats Forecasts on Higher Sales
- JLR posts highest profit in seven years, Tata Motors says
- New electric Range Rover has waiting list of more than 16,000
A Range Rover SUV at Tata Motors Ltd.'s plant in Solihull, UK.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Jaguar Land Rover Automotive Plc’s best quarterly profit in seven years helped the British luxury-car maker’s Indian parent beat estimates after surging orders for its SUVs.
Higher sales and reduced supply costs lifted pretax profit 73% to £627 million ($800 million) in the third quarter, Tata Motors Ltd. said Friday. Revenue rose 23% to £7.4 billion, accounting for about three-quarters of the Indian company’s total sales.