From BBC News
Jaguar Land Rover had seen its sales rise 23% in the second quarter after its new models were well-received. Owner Tata Motors said new products such as the upgraded Range Rover, Range Rover Sport and Discovery 4 had had successful launches. Although Jaguar Land Rover made a net loss of £60m in the July-September quarter, it was much less than the £240m loss it made a year earlier. India's Tata Motors made a net profit of 217.8m rupees ($4.7m; £2.8m) That compared with a loss of 9.4bn rupees a year earlier.
Tata said Jaguar Land Rover's performance was the highlight of the quarter. Tata bought the British marques from Ford for £1.7bn in June 2008. Sales volumes at Jaguar Land Rover rose to 44,300 vehicles from 35,900 in the previous quarter. Aggressive cost reduction had also paid off, Tata said. "The [Jaguar Land Rover] business is witnessing some stability in the external environment with certain key markets showing signs of recovery," Tata said in a statement.
