Jaguar Land Rover's parent company Tata Motors to confirm low margins

By SARAH BRIDGE, FINANCIAL MAIL ON SUNDAY
PUBLISHED: 15:35 GMT, 3 February 2013 | UPDATED: 15:35 GMT, 3 February 2

Jaguar Land Rover’s parent company, Tata Motors, is expected to confirm on Thursday that profit margins at the car maker fell in the final quarter of 2012, due to a combination of poor exchange rates and sales of cheaper versions of its Range Rover Evoque model.

The Mumbai-based company issued advance notice of the warning last week, which sent shares plummeting ten per cent before they recovered as JLR is the biggest single contributor to Tata Motors’ profit. However, earnings are likely to remain stable.

Tata bought JLR from Ford in 2008 for £1.2billion and has since expanded manufacturing into new companies including in India.

JLR launched the Evoque in September 2011 and the model has since become one of its best sellers

Source: thisismoney.co.u