Tata Motors profit surges 67% in December quarter on festive boost

Jaguar Land Rover (JLR) owner Tata Motors Ltd on Friday posted a 67.2% surge in profit for the December quarter, as the easing of coronavirus restrictions and the festive season helped the carmaker clock in better sales.

Indians typically make big-ticket purchases during the festive season, which was in mid-November, while carmakers are seeing a higher demand for cars as buyers turn to personal mobility in the aftermath of the COVID-19 pandemic. "Due to a strong festive season and a clear preference for personal mobility, the.

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