Record sales see Jaguar Land Rover bolster Indian parent
Strong sales by Jaguar Land Rover have helped to bolster the performance of its Indian-parent, Tata Motors.
Tata announced today a near 17% fall in year-on-year profits - and it could have been much worse had it not been for JLR's strong margins, which were an above-expectation 14.5%.
JLR announced record global sales figures last month as demand for products such as the Jaguar F-Pace and Discovery Sport continued to grow around the world.
The performance helped to offset sluggish domestic sales for the Indian business.
Re... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
