• Tata Motors profits fall on weak Jaguar Land Rover sales

    Tata Motors profits fall on weak Jaguar Land Rover sales

    India’s largest carmaker Tata Motors reported a 57 percent fall in quarterly profits Friday, slowed by weak sales of its luxury British unit Jaguar Land Rover and foreign exchange losses.

    Consolidated net profit for the three months to the end of August 2016 fell to 22.36 billion rupees ($337.11 million) compared with 52.31 billion rupees a year ago, the Mumbai-based company said in a report.

    A Bloomberg poll of 23 analysts had predicted that the manufacturer would report net profits of 25.33 […]