Tata Motors' Q2 profit surges 71 pct, beats estimates

Newswire

Nov 8 (Reuters) - Tata Motors Ltd, India's biggest automaker by revenue, beat analyst estimates by posting a 71 percent jump in profit, its first quarterly gain in a year, as buoyant sales at luxury unit Jaguar Land Rover Ltd received a lift from new models. Tata Motors, part of the $100 billion Tata conglomerate, has become dependent on its U.K. unit to prop up profits. At home, passenger and commercial vehicle sales have suffered from an environment of high interest rates ...

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