JLR helps Tata profits soar

Posted on 10 Aug 2010 by The Manufacturer

India's Tata Motors has posted bumper Q1 profits but has revealed it is planning moving some of its assembly operations overseas.

The company has released quarterly profit figures of 19.9bn rupees (£311.3m), which have come largely on the back of growing demand for its Jaguar and Land Rover (JLR) brands. JLR, which it bought from Ford in 2008 for $2.3 billion, reported a strong rebound from the recession thanks to booming exports to China reporting a…

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