| The company made a net profit of 7.29bn rupees | | | | in liquidity coupled with introduction of new |
| ($156m; £96m) for the three months to | | | | products and variants improved the |
| September, up from 3.47bn rupees in the same | | | | company’s sales in the domestic market. |
| period last year. | | | | However, continued slowdown in prime markets |
| Analysts at Dai-ichi Securities had forecast net | | | | and volatility of exchange rates persist in |
| income of 4.32bn rupees for the quarter. | | | | impacting company’s exports of commercial |
| Tata said its market share in passenger cars in | | | | vehicles and passenger vehicles,” Tata said. |
| India was 11.6%. It added that it had commenced | | | | Tata also moved into the luxury market last year |
| delivery of the Tata Nano, the world's cheapest | | | | when it bought Jaguar Land Rover from Ford for |
| car. | | | | $2.3bn. |
| An insider at Tata told Dai-ichi Securities it had | | | | "The company has commenced deliveries of |
| delivered 7,506 Nanos so far, made at its factory | | | | Jaguar and Land Rover vehicles which have |
| in Uttarakhand, a state in northern India. | | | | received an encouraging response from the |
| The cheap car is currently being made in factories | | | | market," Dai-ichi Securities said. |
| Tata already has running. | | | | It said sales of passenger vehicles - including |
| The "mother plant" for the Nano is being built in | | | | Jaguar- Land Rover and Fiat cars - in India rose |
| the western state of Gujarat and Tata has said it | | | | by 27.3% to 60,917 in the quarter. |
| will eventually make 500,000 Nanos a year. The | | | | Earlier this month, it raised $750m from investors |
| Nano costs 100,000 rupees, or about £1,300. | | | | to pay down the remaining debt from the |
| “Revival of industrial activity and improvement | | | | purchase of Jaguar Land Rover. |