May 30, 2013 / 3:47 AM / 4 years ago

India's Tata Motors surges after earnings beat

MUMBAI, May 30 (Reuters) - Shares in India's Tata Motors Ltd rose 3.7 percent in pre-open trade after its quarterly earnings beat estimates, helped by better-than-expected margins at unit Jaguar Land Rover Ltd.

Tata Motors said on Wednesday that JLR's profit margin rose to 16.9 percent in the three months ended March 31 from 14.6 percent in the same period the year before, helped by a favourable exchange rate and record quarterly sales. (Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)

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