Tata Motors Passenger Vehicles Ltd.

Tata Motors, the country’ largest car maker is likely to double investments in its Jaguar Land Rover brands to 1.5 billion pounds a year to help launch new products and variants. The company is going to manufacture Jaguar Land Rover cars in China with its joint venture partner and it is awaiting Chinese government approvals to start making the luxury cars there.

The company’s consolidated net profit rose by 40.49% to Rs 3,406 crore for the fiscal third-quarter ended December 31, 2011 from Rs 2,424.38 crore a year ago. Total income increased by 43.95% during the quarter under year review at Rs 45,260.26 crore against Rs 31,441.54 crore in the October-December quarter last fiscal.

JLR contributed 95% of the company's profit in the quarter to end-December, helped by the popularity of its new compact Evoque SUV in emerging markets such as Russia and China.