Tata Motors on a high!

Tata Motors on a high!After several months of struggle in the domestic circuit, the home-grown auto major, Tata Motors is perhaps out of the woods now. In fact, the company has registered better than expected results in the Indian market with consolidated net sales of Rs 27,055.57 crore for the quarter ended June 30, 2010, which was up by 64% on a y-o-y comparison.

It is believed that the success of XJ, Jaguar and Land Rover (JLR) have played a very instrumental role in taking the profit before tax for the company to Rs 1,590 crore.

It is to be mentioned here that the company has posted a PAT of Rs 1,988.73 crore in the June quarter which is very much better as compared to the loss of Rs 328.78 crore in the corresponding period of the previous year.

PM Telang, MD-India operations, Tata Motors recently said that the company is aiming to sell close to 2.5 lakh units of the Nano in the Indian market by the end of March. Carl Peter Forster, group CEO & MD, Tata Motors, said that the company is eying an entry into the China market for the Land Rover products and is scouting for a partner.