JLR sales to be intact despite economic uncertainity

Mr Ralf Speth of the British auto makers Jaguar Land Rover is reported to have said on Thursday, that despite the current economic uncertainty, the Tata Motors India have not suffered any drawbacks in the current period, however, the Tata Motors were able to post more or less flat profits incurred by the company and rather low estimates with marginally higher costs on the board. The increase in the lending rates is one of the causes for the low sales figures in the Asia’s third largest economy. Mr C. Ramakrishna, the Chief Financial Officer of Tata Motors informed that the rising interest rates are definitely a cause of major concern as an explanation aftermath the earnings statement. Vcommindia News