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Tata Motors Ltd. (TTMT), India’s biggest automaker, posted profit that beat analysts’ estimates on demand for the Evoque compact sport utility vehicle made by its Jaguar Land Rover luxury unit and a one-time tax credit.

Net income more than doubled to a record 62.3 billion rupees ($1.1 billion) in the three months ended March 31, Mumbai-based Tata Motors said in a statement today. That compares with the 38.2 billion-rupee median of 40 analysts’ estimates compiled by Bloomberg.

Continue Reading @ Tata Motors Profit Beats Estimates on Demand for Evoque - Businessweek
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