Mumbai - Tata Motors said June quarter
profits rose 12% as strong sales of its Jaguar Land Rover vehicles
made up for lackluster domestic demand.
Profit for the quarter was $407.4m,
less than expected.
India's top vehicle maker said on
Thursday that exceptional foreign exchange losses due to the
depreciation of the rupee hurt earnings.
Strong sales at Tata subsidiary Jaguar
Land Rover drove revenue up 30.1% from a year earlier to $7.8bn.
Its domestic business fared less well.
Tata sold nearly 10% fewer passenger vehicles in India than it did a
year earlier. Stand-alone revenue fell 8.9% to $1.9bn.
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