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Tata Motors' Jaguar Land Rover posts 1st profit in 4 quarters
short by Shruti Maria Mahendar / on Tuesday, 21 May, 2019
Tata Motors-owned Jaguar Land Rover has reported a 55% year-on-year fall in its fourth-quarter profit at £119 million (₹1,055 crore), the company's first profit in four quarters. This comes amid the British luxury carmaker's China sales slipping by 46% in April. The company's China sales should return to growth "a quarter from now", Tata Motors CFO PB Balaji said.
read more at Bloomberg Quint