UPDATE 2-Tata Motors' Q2 profits boosted by rise in Jaguar Land Rover sales [Reuters]
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Source: Reuters
UPDATE 2-Tata Motors' Q2 profits boosted by rise in Jaguar Land Rover sales | Reuters Reuters Staff 3 Min Read * Q2 profit blows past analysts’ average estimate * Strong customer demand for Range Rover Velar drive profits (Adds executive’s comments) By Sankalp Phartiyal and Arnab Paul MUMBAI/BENGALURU, Nov 9 (Reuters) - India’s Tata Motors reported a sharp rise in second-quarter profits on Thursday, helped by higher sales of its Jaguar and Land Rover cars, but warned of challenges ahead for its flagship British subsidiary. Jaguar Land Rover (JLR), which has been driving Tata Motors’ profits for several years, expects sales in the UK and United States to soften because of competition but is confident of growth in China, JLR CEO Ralf Speth told reporters in Mumbai. “We know that overall the economies are stronger around the world but it’s also clear that we see, one or the other, weakness from a political side, from an economy side. Think about Brexit, think about the U.S. at the curren
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