30 May 2012

Tata Motors profit up

9:43 am on 30 May 2012

Tata Motors of India has reported a 34% jump in profits, due to the rise of wealthy consumers in emerging nations like China and Russia.

Tata's UK brands, Jaguar and Land Rover, have done particularly well, recording record sales, with strong growth in emerging markets.

Its key markets remain Britain and Continental Europe - with China third.

Despite the uncertain global outlook, Jaguar and Land Rover chief executive, Ralf Speth, says he's optimistic about the year ahead.