jaguar sales up
Growing interest in the former British owned luxury marques Jaguar and Land Rover have helped the current Indian owners Tata Motors to move back into the black, recording a net profit for the three months to June 2010 of 19.9bn rupees or £273million.
Since showing losses amounting to 3.3bn rupees a year ago, Tata have seen revenue grow by 64% , with car sales in India increasing by over 50% to almost 78,000 vehicles.
For their part Jaguar and Land Rover sales combined rose by 60% from the previous year, with sales of 57,153 vehicles compared to 35,947 a year earlier.
In a short but sweet statement, India’s largest car manufacturer Tata Motors said:
“Overall economic growth, robust production and availability of liquidity led to robust domestic demand during the quarter, resulting in volume growth comprising both new products and the existing portfolio.”
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