India Tata Motors raised its quarterly earnings

Tata Motors India's quarterly profit rises Topics: Company news and market EarningsStock On Saturday February 12, 2011, forty-one past four p.m. ET India's top vehicle maker Tata Motors has reported increased about four times in its quarterly net profit, driven by higher demand for its luxury UK brands Jaguar and Land Rover and better national sales.The company, said Friday that its global operations, including Jaguar and Land Rover showed a consolidated net profit of 24.2 billion rupees ($ A535.55 million) for the fourth quarter, up from Rs 6500 million profit a year previously described for the three months that exceeded market forecasts rupees.Revenues 22 billion increased 22 percent to 316 million rupees for the quarter. "We have seen strong demand growth in the domestic market and for our premium luxury brands," said C Ramakrishnan, CFO of Tata Motors, reporters.He said he was "cautiously optimistic" about the demand in half term.However He said prices of raw materials and input costs are a concern, along with mounting interest rates making it more expensive for consumers to borrow for engines has said cars.Tata resort to hike prices of their cars in response to rising commodity prices as resort.For the last quarter of December, the Jaguar-Land Rover business showed a profit of $ US439.6 million ( A438.42 million), compared with $ US87.9 million last year as demand for cars better in all key markets. "The company showed a good set of numbers, with the help of strong financial Jaguar-Land Rover," said Mahantesh Sabar, auto analyst at Equity fortune Brokers.Tata Motors also said demand for its Nano car - known as the most Deals of the world - was also on the rise after the monthly sales in November fell to 509 units, the lowest since its launch in July 2009. The Nano car company sold in January 6703. "We are seeing strong demand for the Nano," said Carl-Peter Forster, chief executive of Tata Motors.He said it expects sales to pick Nano even more heavily from March to hit 12,000 to 15,000 units outputs asdealer months for a jelly bean in an open car through actions India.Tata Motor rose 3.79 percent, or 41.75 rupees to 1,144.65 rupees on the Bombay Stock Exchange ahead of the earnings announcement.Tata Engines bought Jaguar and Land Rover from Ford Motor Co U.S. in 2008 for $ US2.3 billion - a purchase that coincided with the global financial crisis that hit cars.However sales of luxury car sales have increased as India recover from the global recession and the country's middle class is enjoying increasing prosperity.