REPORT: Tata Motors back in the black as Jaguar/Land Rover fortunes improve
Turns out, Tata can say nay to the naysayers as its two prestige/luxury brands just turned a profit. A combination of cost cuts and attractive new models (LR4, XF) have helped catapult the long time money losers into the black. And while the $4.7 million in consolidated net profits last quarter is certainly nothing to jump for joy over, that nearly five million bucks is a nice change of pace from the usual Jag/Landy blood red ink. JLR sales rose 23% over the previous quarter. Rule Britannia! Er, India.
[Source: Gasgoo | Photo: Christopher Furlong/Getty Images]
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