BENGALURU (Reuters) – Indian automaker Tata Motors reported a bigger-than-expected fourth-quarter profit on Friday, helped by strong sales at its luxury unit Jaguar Land Rover.
Tata Motors, India’s second-biggest automaker by market value, said consolidated net profit in the three months to March 31 more than trebled from a year earlier to 174.07 billion rupees ($2.09 billion), higher than analysts’ expectation of 71.37 billion rupees, per LSEG data.
($1 = 83.4856 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru)
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