India's Tata Motors posts first quarter profit
Business
The company posted a consolidated net profit of 32.03 billion rupees ($391.31 million)
BENGALURU (Reuters) - Tata Motors, India's largest automaker by revenue, reported a third consecutive quarterly profit on Tuesday, helped by price hikes and strong demand for cars in its luxury Jaguar Land Rover (JLR) segment.
The company posted a consolidated net profit of 32.03 billion rupees ($391.31 million) for the April to June quarter, compared with a loss of 50.07 billion rupees a year before.
