Tata Motors triples Q1 net income thanks to strong Jaguar Land Rover earnings

Article by Christian A., on August 14, 2014

Tata Motors tripled its net income for the first quarter ended June 30, 2014 to INR54 billion ($882 million) thanks to increasing sales at its Jaguar Land Rover unit. Jaguar Land Rover particularly boosted its pre-tax profit by more than double from GBP415 million to GBP924 million ($1.6 billion).

Earnings at Jaguar Land Rover were helped by increasing demand for the Jaguar F-Type convertible and Range Rover SUVs. The carmaker saw its deliveries in the quarter ended June 30, 2014 jump 22 percent to 115,596 vehicles.

Better business at Jaguar Land Rover is helping Tata Motors remain afloat, as the company continues to grapple to make profitable its Indian operations that sells Tata-brand cars, buses and trucks.

Juergen Maier, a fund manager at Raiffeisen Capital Management in Vienna, remarked that Jaguar Land Rover is “performing quite well.”

He said that the XE taking on the BMW 3 series and the Mercedes-Benz C-Class would be the “next big thing to watch out for.”

The XE mid-sized sports sedan will be the only offering in its segment underpinned by an aluminum platform. The XE – to be unveiled in London on Sept. 8 -- will feature four-cylinder, 2.0-liter gasoline and diesel engines.

Topics: tata motors, income

If you liked the article, share on:

Comments

Recommended

South Korean carmaker Kia will try to follow up the success of its Sportage compact sports utility vehicle by introducing a smaller SUV (subcompact) in the United Kingdom in the...
by - October 18, 2017
It can no longer be denied that Jaguar Land Rover wants to design some more hardcore type versions of their SUV range --- soon after launching the Discovery SVX only...
by - October 18, 2017
Motorists in the United Kingdom who intend to purchase the new 2018 Hyundai Kona subcompact sports utility vehicle could start placing their orders on November 2, 2017. Marked by Hyundai...
by - October 18, 2017
For many years, Lamborghini has always relied on the use of large and powerful engines including the V10 and the V12. In fact, the company’s very first engine in the...
by - October 17, 2017
You can now get the Opel Crossland X that’s LPG-powered if you are not a fan of diesel. Recently, the company released their version of the Peugeot 2008 equipped with...
by - October 17, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries