Tata Motors report better-than-expected profit, beat analysts' forecast
, India's largest automaker by revenue, comfortably beat quarterly profit expectations on Tuesday, helped by strong demand for its luxury Jaguar Land Rover cars and as supply chain issues improved further.
Tata, which makes India's top-selling sport utility vehicle, Nexon, has raised prices three times this year, but is "not looking at any major price hikes", group chief financial officer PB Balaji said in a media call.The Jaguar Land Rover logo is seen at a dealership in Milton Keynes, Britain, June 1, 2020. REUTERS/Andrew Boyers/File Photo
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