Jaguar sales lift profit at Tata Motors

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Strong sales of the luxury brand Jaguar Land Rover (JLR) have lifted profits at Tata Motors.

India’s biggest carmaker saw quarterly profit triple to 51.7bn rupees ($771m; £527m) from 17.17bn in the same quarter last year.

JLR revenues for the three months to March rose to £6.594m, compared with £5,826m a year ago.

The company also benefitted from increased domestic demand for its trucks.

It also announced that it plans to recall 100,000 JLR cars in the US to fix a fault with the airbags made by Japan’s Takata, and has set aside £166m to pay for it.

But Tata Motors gained from an unexpected insurance payout linked to an explosion at the JLR plant at its Tianjin plant in China last summer.

Last November Tata said it had lost 5,800 cars in the accident.

Tata Motors, part of the group that owns Tata Steel, bought JLR from Ford in 2008 for $2.3bn (£1.6bn).

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