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Tata Motors net profit down 56 pct as Jaguar Land Rover Chinese sales drop| Reuters

May 26, 2015    

MUMBAI/NEW DELHI Tata Motors Ltd (TAMO.NS), India's biggest automaker by revenue, reported a surprise 56 percent drop in quarterly net profit on Tuesday, hit by cooling demand for its sleek Jaguar saloons and sporty Range Rovers in the key Chinese market.The company said it expected mixed economic conditions in China, the world's largest auto market, and other emerging economies to weigh on EBITDA margins for the fiscal year that started on April 1 compared with a year ago.Jaguar Land Rover's sales in China, which had propped up group earnings in recent years, fell by a fifth to 23,526 vehicle...

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