Tata Motors Q2 net profit jumps three-fold to Rs 2,500 crore on JLR sales

Strong Sept quarter on back of higher sales growth at JLR, too

Tata Motors posted better than expected numbers for the September quarter, led by robust volume growth and an improving product mix, especially at Jaguar Land Rover (JLR), its UK-based subsidiary.

Consolidated revenue at Rs 70,156 crore, up 10 per cent over a year before, was led by six per cent volume growth at JLR and an impressive 22 per cent growth at the domestic entity. While volumes for JLR were led by the launch of the Range Rover Velar and a 19 per cent jump in China sales, domestic sales were led by commercial vehicles (CVs), up 26 per cent.