Tata Motors is full of smiles at the sale profit yielded through the Jaguar Land Rover- Rs650.26 crore and the net profit amounting Rs416.96 crore in Q3 FY. This reversal of fortune is compared to the net loss of Rs2598.83 crore in 2008-09. According to the company’s Vice-Chairman, the net profit was feasible due to easy market management and sustained cost reduction measures.
The company foresees the rise in demand in US and Europe as the growth of its wholesale volume in the period of July-September 2009 was 28%.
The growth in every quarter is made possible in the firm response mooted in North America, China and Europe. JLR receives good response nowadays and the new models introduced this year are more attractive to the customers. The company withdrew the production of X-type replacing with XF and since there is a growth of 11.5 % in the net sale volume of JLR.