India’s Tata Motors posts Q1 profit

India’s Tata Motors posts Q1 profit

Tata Motors, India's largest automaker by revenue, reported a third consecutive quarterly profit on Tuesday, helped by price hikes and strong demand for cars in its luxury Jaguar Land Rover (JLR) segment.

The company posted a consolidated net profit of 32.03 billion rupees ($391.31 million)for the April to June quarter, compared with a loss of 50.07 billion rupees a year before.

($1 = 81.8530 Indian rupees) (Reporting by Nandan Mandayam in Bengaluru)

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