Tata hits top gear with sales boost
During the three months to the end of June, Tata sold 181,708 vehicles, up 48 per cent from a year earlier. Increased demand from wealthy, brand-conscious buyers in China, India and other emerging markets helped the company, which bought Jaguar and Land Rover from Ford in 2008, to report a net profit of 19.9 billion rupees (270 million) for the quarter, compared to a loss of 3.29 billion rupees a year earlier.
Car sales in India hit a record high in July, jumping 38 per cent from a year earlier, boosted by the launch of new models and the strong economy. Tata is also behind the ultra-cheap Nano car.