Jaguar boosts profits at Tata Motors parent company.

Range Rover Evoque Popular Jaguar Land Rover models such as the Range Rover Evoque helped lift Tata Motors' profits

A 34% 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.

Tata failed to meet those expectations as passenger car sales in India fell 10% during the period, while commercial vehicle sales rose 1.3%.

By contrast, JLR sales rose 34.4% to, bolstered by strong demand in Russia and China.

Foreign exchange losses, resulting from a depreciating rupee, also curbed the carmaker's profit growth.

Revenues fell 8.9% to 105.9bn rupees, with JLR accounting for about 40% of the earnings.

More on This Story

Global Car Industry

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

More Business stories



  • Krak des ChevaliersSitting targets

    How ancient treasures in Syria are being bombed to pieces

  • Mesut Ozil's tattoo reads "Only God can judge me"Ink explained

    Nine World Cup players' tattoos decoded, and one who refuses

  • Google sweetsName game

    Would Google have made it as BackRub?

  • Putting a coin in supermarket trolleyMinor annoyance

    Why are Morrisons getting rid of coin-locks on trolleys?

  • A graphic on the Human Events Facebook page comparing Jackie Kennedy and Michelle Obama.First ladies

    Why is Michelle Obama being compared to Jackie Kennedy?

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.