Jaguar Land Rover back in the black
The company, which employs 14,500 staff in the UK, posted an after-tax profit of 4.6 billion rupees (59.6 million) in the final quarter of last year.
Tata said stronger market conditions, well-received new models and efforts to cut costs helped put the company back in the black. Sales volumes – aided by measures such as scrappage schemes – stood at 165,413, 68 per cent ahead of a year earlier in the worst depths of the recession.
Land Rover sales were up 34 per cent quarter-on-quarter, with Jaguar volumes up 11.5 per cent after strong demand for its highly-acclaimed XF model.