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Strong JLR sales in China boost Tata Motors' quarterly profit

BENGALURU, India — Tata Motors Ltd on Friday posted a 67.2% surge in quarterly profit. Sales at its luxury car unit, Jaguar Land Rover (JLR), improved in key market China as the country led a recovery in the global automobile industry from the pandemic. The Indian carmaker had logged losses for three straight quarters as the COVID-19 pandemic dented business in several of its key markets even as it was already dealing with uncertainties around Brexit, weak demand and rising costs. The Brexit trade deal agreed upon in December has avoided the risk of tariffs on automotive parts and finished vehicles, Tata Motors said, adding that JLR remains encouraged by the Brexit trade deal. JLR sales in China jumped 20.2% on-quarter and were 19.1% higher from the year-ago period. Retail sales at the unit, which accounts for most of the company's revenue, were up 13.1% from a quarter ago, but still 9% lower than pre-pandemic levels. The company said it had saved 400 million pounds ($548.96 million) during the December quarter at JLR under Project Charge, taking the total savings to 2.2 billion pounds so far. Tata Motors has set a full-year target of saving 2.5 billion pounds. Consolidated net profit came in at 29.06 billion rupees ($398.52 million) for the third quarter, compared with a profit of 17.38 billion rupees a year earlier. It had reported a loss of 3.14 billion rupees in the previous quarter. The festive season in mid-November, during which Indians typically make big-ticket purchases, also helped overall sales. "Due to a strong festive season and a clear preference for personal mobility, the PV business posted its highest sales in last 33 quarters," Tata Motors Chief Executive Officer and Managing Director Guenter Butschek said. Total revenue from operations rose 5.5% to 756.54 billion rupees.

Editors' Choice: Top Five 2015 Frankfurt Motor Show Debuts

Consider the 2015-16 auto show season officially kicked off. The Frankfurt Motor Show offered a great look at the newest crop of production cars and conceptual machines, and brought some old favorites back into the spotlight for a closer look. (The Alfa Romeo Giulia, for example, debuted in June, but this was the first time most of us saw it.) Now that the dust has settled and we're all on flights back to the US, our editors cast their votes for their personal favorites from the Frankfurt show. These are the cars we truly loved seeing the most. But unlike other shows, there was no one runaway winner – all of the Top Five received positive praise from our team. We won't spoil the results, though. Scroll down to see what we liked most from this year's Frankfurt expo. 5th Place – MERCEDES-BENZ IAA CONCEPT View 12 Photos MIKE AUSTIN: The clean lines on this concept have me excited for a more elegant beauty to future Mercedes-Benz vehicles. Next to the Concept IAA, the lovely S-Class Coupe looks like an overstyled barge. DAVID GLUCKMAN: Yeah, the extendable rear is neat and all, but I'm more interested in the front-end styling of this one. It looks like the Tron version of a 300SL, in a good way. I'm hopeful it portends the future of Mercedes design. STEVEN EWING: I was super impressed when Mercedes said that, with the rear end extended, this concept has a drag coefficient of just 0.19. That's crazy aerodynamic. I'm not head-over-heels about the styling, but I think the lessons learned from this concept are really important, and will play a huge role in the future of Mercedes' products. 4th Place – ALFA ROMEO GIULIA View 15 Photos SEYTH MIERSMA: I can hardly express how in love with this car I am. The styling feels creative, modern, and evocative, without going over the top. The proposed performance is spectacular. And the Alfa badge speaks to a legacy of romantic motoring. DAVID GLUCKMAN: Pretty Italian car makes big promises and will probably deliver on about three quarters of them. I think that will still be enough for me. JEREMY KORZENIEWSKI: I'm really intrigued by the Giulia. It looks great, sounds awesome, and I'm expecting it to have a load more character than its German rivals. I hope I'm not disappointed. 3rd Place – JAGUAR F-PACE View 15 Photos GREG MIGLIORE: It's the first SUV for Jaguar, and I think they nailed the design, capability, and electronics. It's the right car at the right time.

2024 Jaguar F-Pace Review: Fun, pretty and luxe, the big Jag's better with age

Pros: Engaging to drive; good looks; high-class cabin; crazy-good sport seats; big cargo area and generally more spacious than compact rivals Cons: Pricier than compact rivals, smaller than midsize ones; base engine acceleration a touch off the pace; convoluted climate controls The Jaguar F-Pace has now been around for quite some time – eight years have passed since we first got behind the wheel in far-flung Montenegro. While most vehicles would be well past their best years and already replaced by now, the 2024 Jaguar F-Pace is an example of something that has actually gotten better with age. Its infotainment technology is up to date and far easier to use than anything Jaguar Land Rover has offered before. Its cabin quality and design are better, the engines have been upgraded, and we even think the design tweaks made a few years ago improved upon an already knockout design. In many ways, the F-Pace is reminiscent of another small SUV thatÂ’s thrived past the usual best-by date: the Porsche Macan. It too is fun to drive, with exceptional steering, sharp handling and compelling performance, especially from the six- and eight-cylinder models. They are both for SUV shoppers looking to enjoy their time behind the wheel (and look good doing it), and are OK paying more money than other compact luxury SUVs. There is one major difference, though: The F-Pace is not only much bigger than the Macan, itÂ’s bigger than most of those other compact luxury SUVs. ItÂ’s closer to a midsize, with the closest size comparable being the Lexus RX. That grants it a spacious back seat and a surprising amount of cargo space. We were honestly not expecting to like the F-Pace as much as we did during a recent test drive of the P400 R-Dynamic S. It seemed likely that all those years in between times behind the wheel wouldnÂ’t have been kind. Far from it. We like it even better, and think those in the market for an SUV in its price range should give it a shot. Interior & Technology   |   Passenger & Cargo Space   |   Performance & Fuel Economy What it's like to drive   |   Pricing & Trim Levels   |   Crash Ratings & Safety Features What's new for 2024? Apple CarPlay and Android Auto can now be connected wirelessly. Jaguar also trimmed the F-Pace lineup down to three versions, all tied to a different engine. This results in the base price ballooning by $8,000 since the new base trim level is the R-Dynamic S.