Jaguar Land Rover in profit first time in four quarters

Tata Motors-owned Jaguar Land Rover has reported a 55 per cent year-on-year fall in its fourth-quarter profit at £119 million, the company’s first profit in four quarters.

This news comes despite the British carmaker’s China sales dropped by 46 per cent in April 2019.

According to PB Balaji , CFO, the Chinese sales should return to growth in a quarter from now.