BENGALURU (Reuters) – India’s Tata Motors, the country’s most valuable carmaker, reported a more than two-fold increase in third-quarter profit on Friday, driven by strong sales in its British luxury car unit, Jaguar Land Rover (JLR).
Consolidated net profit rose to 70.25 billion rupees ($847.7 million) in the three months ended Dec. 31 from a year earlier.
($1 = 82.8760 Indian rupees)
(Reporting by Varun Vyas in Bengaluru; Editing by Sonia Cheema)
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