Tata Motors Profit Beats Estimates on Jaguar Demand

[Fittster]

"Second-quarter net income gained 71 percent to 35.4 billion rupees ($564 million), the Mumbai-based company said. That exceeded the 28 billion-rupee median of 39 analysts’ estimates compiled by Bloomberg. Profit at the Jaguar Land Rover unit rose 66 percent to 507 million pounds ($815 million)."

http://www.bloomberg.com/news/2013-11-08/tata-moto...

[Mermaid]

They seem to have got into the sector at the right time - growth, price inflation - and exciting products.

Edited by Mermaid on Friday 8th November 17:10

[Krikkit]

Mermaid said:

They seem to have into the sector at the right time - growth, price inflation - and exciting products.

Agreed - I'd be interested to know how many of the models in the current line-up that Tata have had a major hand in bringing to market. Either way, it's very nice to see JLR in rude health at the moment.

[r11co]

Krikkit said:

Agreed - I'd be interested to know how many of the models in the current line-up that Tata have had a major hand in bringing to market. Either way, it's very nice to see JLR in rude health at the moment.

All of them, they wouldn't have happened without the investment from TATA. What a cynical statement to make.

[wemorgan]

As far as I know all the profit, if not more, is being reinvested for new products.
IMHO it'll be a few more years to know whether the Tata investments have paid off.