Weak Jaguar sales hit Tata profit Tata Motors has seen first-quarter profits almost halve due to Weak sales of Jaguar Land Rover in China.Net profits between April and June were 27.7bn rupees ($433m; £280m), compared with 54bn a year earlier. Revenue fell by about 6% to 610.2bn rupees.The slump was largely due to the slowdown in the Chinese car market, where Jaguar Land Rover sales fell by about a third during the quarter.Demand for Tata's own brand cars in India was also weak.
08-08-2015, 06:29 PM
Weak Jaguar sales hit Tata profit
Tata Motors has seen first-quarter profits almost halve due to Weak sales of Jaguar Land Rover in China.Net profits between April and June were 27.7bn rupees ($433m; £280m), compared with 54bn a year earlier. Revenue fell by about 6% to 610.2bn rupees.The slump was largely due to the slowdown in the Chinese car market, where Jaguar Land Rover sales fell by about a third during the quarter.Demand for Tata's own brand cars in India was also weak.
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