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India’s Tata Motors posts Q1 profit

BENGALURU, July 25 (Reuters) – Tata Motors (TAMO.NS), India’s largest automaker by revenue, reported a third consecutive quarterly profit on Tuesday, helped by price hikes and strong demand for cars in its luxury Jaguar Land Rover (JLR) segment.

The company posted a consolidated net profit of 32.03 billion rupees ($391.31 million) for the April to June quarter, compared with a loss of 50.07 billion rupees a year before.

($1 = 81.8530 Indian rupees)

Reporting by Nandan Mandayam in Bengaluru

Our Standards: The Thomson Reuters Trust Principles.

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