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Land Rover Slower Sales Growth Drags Down Tata Motors Profit

  • Sales of Land Rover rose 4%, slowest pace in 3 quarters
  • Luxury-vehicle unit posts profit of 304 million pounds

Land Rover’s slowest growth in deliveries in three quarters dragged down profit at parent Tata Motors Ltd.

Net income fell to 22.4 billion rupees ($334 million) in the three months through June from 52.3 billion rupees a year earlier, Tata Motors said in a statement Friday. Profit at the Jaguar Land Rover luxury-vehicle unit declined to 304 million...