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Tata Motors sees larger profit than expected

Jaguar Land Rover owner Tata Motors has posted bigger quarterly profits than it was expecting of 7.29 billion rupees (£96m), up from 3.47bn (£45.1m) rupees in the same period last year.

Analysts were expecting Tata to post a net income of 4.32bn rupees for the quarter.

Tata’s sales of passenger vehicles including Jaguar and Land Rover in India rose by 27.3% to 60,917 in the quarter.

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