INDIA: JLR props up Tata Motors in first quarter

By Graeme Roberts | 12 August 2013

A generous dividend of INR14.2bn (US$232.6m) from UK subsidiary Jaguar Land Rover allowed Tata Motors to offset losses from domestic operations for the fiscal first quarter ended 30 June, 2013.

Q1 profit after tax was INR7.03bn compared with INR2.05bn in first quarter 2012.