Tata Motors’ consolidated net profit for the three months to the end of September rose to £290 million helped by strong demand for the Range Rover Velar Jaguar Land Rover /Getty ImagesBooming demand in China for Jaguar Land Rover has made up for flagging sales in Britain and Europe as the carmaker reiterated its concern over the impact of Brexit. Tata Motors, the Indian parent company, reported a sharp increase in second-quarter profits yesterday. Ralf Speth, the JLR chief executive, said that he expected markets in Britain and the United States to soften. But it’s also clear that we see, one or the other, weakness from a political side, from an economy side. Think about Brexit, think about the US at the current moment,” he said.

Source: The Times November 10, 2017 00:00 UTC