Tata Motors Q3 profit triples

Tata Motors, India's top vehicle group, Monday reported a tripling of quarterly net profit as a sterling performance by British luxury brand Jaguar Land Rover offset dismal domestic sales.
Tata Motors, recovering from the apparent suicide of managing director Karl Slym who was driving the firm's attempted domestic turnaround, said consolidated net profit soared to 48.1 billion rupees ($771 million) in the three months to December from 16.3 billion rupees a year earlier.
The surging performance comes on the back "of strong demand, growth in volumes and favourable product mix" at Jaguar Land Rover (JLR), the company said.
JLR's profit more than doubled to 619 million pounds ($1.01 billion).