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| Jaguar Land Rover sales lift profit at Tata Motors | Jaguar Land Rover sales lift profit at Tata Motors |
| (35 minutes later) | |
| Strong sales of the luxury brand Jaguar Land Rover (JLR) have lifted profits at Tata Motors. | Strong sales of the luxury brand Jaguar Land Rover (JLR) have lifted profits at Tata Motors. |
| India's biggest carmaker saw quarterly profit triple to 51.7bn rupees ($771m; £527m) from 17.17bn in the same quarter last year. | India's biggest carmaker saw quarterly profit triple to 51.7bn rupees ($771m; £527m) from 17.17bn in the same quarter last year. |
| JLR sales rose 28% in the three months to March, with the biggest increase in sales in Europe. | JLR sales rose 28% in the three months to March, with the biggest increase in sales in Europe. |
| Chinese sales, which had been suffering, rose 19% in the quarter, but are down 16% for the year as a whole. | Chinese sales, which had been suffering, rose 19% in the quarter, but are down 16% for the year as a whole. |
| Insurance payout | Insurance payout |
| Tata Motors also benefitted from increased domestic demand for its trucks. | Tata Motors also benefitted from increased domestic demand for its trucks. |
| The firm announced that it plans to recall 100,000 JLR cars in the US to fix a fault with the airbags made by Japan's Takata, and has set aside £166m in part to pay for it. | The firm announced that it plans to recall 100,000 JLR cars in the US to fix a fault with the airbags made by Japan's Takata, and has set aside £166m in part to pay for it. |
| But it gained from an unexpected insurance payout linked to an explosion at the JLR plant at its Tianjin plant in China last summer, in which it lost 5,800 cars. | But it gained from an unexpected insurance payout linked to an explosion at the JLR plant at its Tianjin plant in China last summer, in which it lost 5,800 cars. |
| Tata Motors, part of the group that owns Tata Steel, bought JLR from Ford in 2008 for $2.3bn (£1.6bn). | Tata Motors, part of the group that owns Tata Steel, bought JLR from Ford in 2008 for $2.3bn (£1.6bn). |