JLR's china sales boost tata motors' net by 12% | autos | Hindustan Times
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JLR's china sales boost tata motors' net by 12%

autos Updated: Aug 09, 2012 23:44 IST
HT Correspondent

With UK-based luxury car subsidiary Jaguar Land Rover contributing 75% of revenue and 91% of profits, Tata Motors reported steady growth in the April-June quarter, though its India unit saw profits halve.

The auto major posted 12% growth in net profit at Rs. 2,245 crore in the first quarter against Rs. 2,000 crore a year ago. Revenue was up 30% at Rs. 43,324 crore.

Riding on its increasing popularity in the Chinese market and the huge success of the compact Range Rover Evoque, JLR reported 8% growth in net profit at R2039.4 crore and 35% growth in revenue at Rs. 31,428.7 crore.

JLR sales grew 34% to 83,452 units. The quarter saw China, surpassing US and UK markets to become the biggest market for JLR with 22% of sales.

Meanwhile, in India, Tata Motors had a disappointing quarter as heavy truck sales dropped 32% and car sales slipped 10%, with its net profit shrinking to Rs. 205 crore from Rs. 401 crore and topline down 9% to Rs. 10,586 crore.

Tata Motor's will launch Safari Storme, Nano CNG and Manza Refresh this year.