JLR sales increased 5.07% from a year ago to 149,690 units, led by strong customer demand for the Range Rover Velar and other new models. Sales rose 10.34% to Rs70,156 crore from Rs63,577 crore a year ago. A Bloomberg poll of nine analysts had estimated a net profit of Rs1,835 crore on sales of Rs68,895 crore. The post-tax loss for the domestic business narrowed to Rs295 crore from Rs631 crore in the September quarter last year. Total domestic sales in the September quarter rose by a significant 21.7% to 142,646 units.

Source: Mint November 09, 2017 09:00 UTC