Jaguar Land Rover (JLR) sales have taken a massive hit in China. So much so that it has taken down Tata Motors first quarter net profit in 2015-16 by a huge 49 percent. The company has registered growth in passenger and heavy commercial vehicle sales in India, but its overall international growth figure is comparatively much lower thanks to the dismal performance of JLR in one of the biggest car markets in the world.
Tata Motors has very well in the markets of Europe, North America and United Kingdom, but its China debacle has brought down its overall revenue by 6.5 percent to 5 billion GBP, while overall JLR profit is down by 29 percent to 492 million GBP. Overall, Tata Motors’ net profit the Q1 stands at Rs.2769 crore, compared to Rs.5398 crore it had garnered in the same period last year.
Not the all is hunky-dory in the Indian market for Tata. The top line profit here has suffered as well. It has gone down by 35 percent to Rs.258 crore. The company has done well in the passenger vehicle segment where it has registered a growth of 27 percent compared to the same period last year thanks to recent launches like the GenX Nano, Bolt and Tata Zest.