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Tata Motors Posts Profit



29 October, 2009
Tata Motors has posted strong financial figures for the three months ending September 30th, 2009.

In the second quarter of the current financial year, the Indian car major which has strong interests in the northwest UK region, enjoyed a 12.7 per cent rise in its revenues.

The group attributed its impressive figures in part to the growing appetite for Jaguars, Fiats and Land Rovers in India, where they are now being marketed.

It also revealed its second consecutive period of improved operator margins during the three-month period in question.

Profit before tax for the quarter also grew by 153 per cent, standing at Rs 906.85 Crores (£ 1.2 billion).

Earlier this month, Jaguar Land Rover announced that it had secured a £ 175 million loan from the State Bank of India.

The Jaguar and Land Rovers brands were bought by Tata last year from Ford Motors and it has since received more than £ 500 million in refinancing.

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