Tata Motors, driven by the joy of Jaguar

 sales in the heart of Indian Affairs increased 23% for both commercial and personal vehicles Tata Motors reported a tripling of profits in the last year.

The Indian manufacturer made total profits after tax for the past 12 months from 92. 7bn rupees ($ 2bn, ￡ 1 5.3), 260% from a year earlier, with an increase of 33% of revenues to 1. 2tn rupees.

Company to its subsidiary of Jaguar Land Rover (JLR) saw a sudden turnaround, with ￡ 1 billion of pre-tax profits, with broken little even in the 2009-2010 year.

The firm said that it planned to increase exports by its British subsidiary.

"Exciting new products".

Exports has already led a jump of 51% in revenues to JLR in the last year, with the development of markets such as China, given the faster growth.

The share of UK business fell by 28% to 24% of sales.

The firm will open its first line of output for JLR in India Friday.

The jump in the profits of the unit of the UK - flattered by the value fall of sterling - he helped to pay off debts, with a net debt fell nearly two-thirds of 233 million to ￡.

Continue reading John Moylan Business main history, BBC News correspondent

When the global slowdown hit the automotive industry felt the fully in force. The brands range such as JLR has suffered the most. The company has even thought of closing one of its plants in the Midlands.

If his change is all the more remarkable. Not only he sells more cars, but revenues have increased by more than 50%. So over last year, is to make lots of money by car.

How? Analysts say that it is now the sale of cars in places like China — where a new elite is very ready to pay the premium price. He is also sell more higher end vehicles - providing higher margins.

With three-quarters of all sales outside of the UK, it is also the relative weakness of sterling.

Now, from the closure of a plant, JLR is thought to be considering building a new plant of engines here.

The result reflected "confidence of consumers in our brands", according to Chief Executive Officer, Dr. Ralf Speth JLR.

"We have made more than ￡ billion a year over the next five years to the creation of new and exciting products,", he added.

The UK firm has already unveiled a new supercar of the hybrids of ￡ 700,000 Jaguar, developed in collaboration with the Williams formula 1 team.

Mumbai-based Tata Motors bought Jaguar and Land Rover from Ford brands in 2008.

Nano woes

During this time, the Indian arm of Tata core sales increased in all areas, with commercial vehicles and personal cars up 23%.

The company said that he thought infrastructure India spending increase would stimulate additional demand for trucks, while it planned to expand sales of its passenger vehicles in the rural India.

However, sales of small cars lagged somewhat in the last year, perhaps due to difficulties with the Tata Nano, the cheapest car in the world, which began production in 2008.

Tata has already indicated that sales of its Nano had dropped 85% in November last year.

Difficulty to customers of the company blamed in obtaining loans, but analysts say that the price rises, as well as publicity related to a series of fires in the already sold cars played a role in the decline in sales.

Tata said that he planned to begin exporting the Nano in the coming year.

By its Indian exports has increased by 70%, led by demand in neighbouring countries, but remained a negligible part of its sales.