Tata Motors, a part of the Tata Group reported a 41 percent rise in quarterly net profits of the October to December 2011 ended quarter. The company attributes the profits to the strong sales of its British brands Jaguar and Land Rover car ranges globally. The domestic sales of Tata Motors have also contributed to the profits showing an increase of 33 percent in sales of its cars and SUVs.
Moreover, the profits of the company also beat the quarterly profit forecast of Rs. 2,600 crore and posted a profit of Rs. 3,406 crore up from Rs. 2,420 crore in 2010 for the same period. The global presence of the company through its Jaguar and Land Rover car brands across the United States of America, China and Europe has enabled it to reap the benefits of its foreign acquisitions.
Tata Motors is planning to expand the presence of Jaguar and Land Rover car range in markets such as Australia, Brazil, India and South Africa.
