NEW YORK ( TheStreet) -- Tata Motors (TTM), India's largest automaker by revenue, reported first quarter 2010 profit of 19.9 billion rupees ($430 million) as against a loss of 3.3 billion rupees ($71 million) in the prior year's quarter. Total revenues stood at 269 billion rupees ($5.8 billion), up 64% year-over-year.Earnings were primarily driven by the Jaguar Land Rover (JLR) business which reported a profit before tax of 15.9 billion rupees ($345 million). Wholesale volumes for JLR increased 59% to 57,153 units from 35,947 units during the first quarter of 2009.
Jaguar, Land Rover Drive Tata to Profit
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