The country’s largest automobile company Tata Motors has reported a very marginal growth which is nearly 0.55 percent growth in consolidated net profit of Rs 2,000 crore for the quarter ended June 30, 2011. It had posted Rs 1,988 crore for the corresponding period a year ago.
According to reports, Tata Motors had witnessed a 23 percent growth in consolidated net sales at Rs 33,392 crore as against Rs 27,055 crore a year ago. It was also mentioned that Jaguar Land Rover (JLR) sales jumped 28.4 percent to Rs 19,776 crore from Rs 15,396 crore last year. For three months ending June 30, 2010, the company's net profit stood at Rs. 1,988.73 crore. Vcommindia News
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