Tata Motors sees profits fall but Jaguar sales rise

Tata Motors' "Magic Iris" miniature people carrier Tata Motors makes utility vehicles and small cars in India, but owns Jaguar in the UK

Indian carmaker Tata Motors has reported a 16% fall in quarterly profits as higher costs and foreign exchange losses took their toll.

In the three months to the end of September, Tata made net profits of 18.77bn rupees ($372.9m; £234.5m), as against 22.23bn rupees a year earlier.

But its Jaguar Land Rover (JLR) subsidiary in the UK posted a 9% increase in profits for the same period to £287m before tax.

JLR said its global sales were up 30%.

Last week, it said it would be creating more than 1,000 new jobs at its Land Rover plant in Solihull, where nearly 5,000 people currently work.

JLR has benefited from demand for its new Range Rover Evoque model.

Tata Motors bought the company from Ford for £1.5bn in June 2008.

More on This Story

Global Car Industry

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features

  • Shinji Mikamo's father's watchTime peace

    The story of the watch that survived Hiroshima


  • Northern League supporters at the party's annual meeting in 2011Padania?

    Eight places in Europe that also want independence


  • Scottie dogShow-stealers

    How Scottie dogs became a symbol of Scotland


  • Hamas rally in the West Bank village of Yatta, 2006Hamas hopes

    Why the Palestinian group won't back down yet


  • The outermost coffin of Tutankhamun 'Tut-mania'

    How discovery of Tutankhamun's tomb changed popular culture in 1920s


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.