(MENAFN) Net profit of Tata Motors, India€™s top vehicle group, has more than tripled as a sterling performance by British luxury brand Jaguar Land Rover offset domestic sales, according to Arab News
Tata Motors net profit was estimated at USD771 million in the fourth quarter of 2013 compared to USD 262 million in the same quarter in 2012
Jaguar Land Rover (JLR)'s profit more than doubled to reach USD1.01 billion
Tata Motors strongly depends on revenues from JLR, which it purchased for USD2.3 billion from Ford earlier in 2008 at the height of the global financial crisis
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