Demand for luxury vehicles is increasing in China and futures markets. Tata Motors Ltd., Jaguar and Land Rover owner, reported a 18% increase in fourth-quarter earnings.

The automaker, based in Mumbai, reported a net income increase of 22.3 billion rupees a year to 26.3 billion rupees, equivalent to $ 581 million.

Bloomberg compiled 19 analysts' estimates, the average of which showed a 26.9 billion rupee profit.

Increasing global demand for luxury vehicles has led to the need for Jaguar and Land Rover waiting lists. To meet the need for cars in the UK and Heathrow, London Audi AG, the division is hiring additional workers to expand production.

Tata Motors, said in January that Jaguar sales in China rose 50% last year, and the land Rover car sales more than doubled. Tata Motors sold over 26,000 cars at Heathrow, the third largest market. On its website, the company said its plans to have more than 100 Chinese dealers later this year.

Global Business

Walter Rossini, who lives more than $ 355 million or 250 million euros in an investment fund in India in Milan Aletti Gestielle SGR SpA, says Tata Motors focuses its main international business. He said the company is doing very well not only in the UK and Europe but also in neighboring markets such as China. He also stated that the business may experience some slowdown in demand in India trucks, due to the drastic increase in financing costs.

UK investment

In June 2008, Tata paid $ 2.4 billion to Ford Motor Co. for the acquisition of Jaguar and Land Rover. Tata plans to invest in the UK for a sum of 5 million pounds in the coming years, said Carl-Peter Forster, CEO.

Tata will start an assembly plant in Pune, India, for the production of Land Rover vehicles.

Diesel Motor and Engineering Plc, Heathrow, Tata Motors, distributor, began selling the Nano car on 28 May. This vehicle is priced at $ 8,414, or 925,000 rupees in Sri Lanka.

Last month, 10,012 Nanos were purchased from the automaker, giving higher sales after the opening of factory capacity of 250,000. In April, the automaker exported 498 Nanos.

In November, sales fell to 509 units Nano, a record low due to the capture of three fire engines and the difficulties of customers to get loans. Once the company began offering easier financing and longer warranties, sales recovered.