**India’s largest carmaker, Tata Motors, has soundly beaten expectations for its quarterly profit.**The company made a net profit of 7.29bn rupees ($156m; £96m) for three months to September, up from 3.47bn rupees in the same period last year.
Analysts had forecast net income of 4.32bn rupees for the quarter.
Tata said its market share in passenger cars in India was 11.6%. It added that it had commenced delivery of the Tata Nano, the world’s cheapest car.
Sales in the quarter were 79.24bn rupees, up from 70.3bn in the same quarter last year.
Earlier this month, it raised $750m from investors to pay down the remaining debt from the purchase of Jaguar Land Rover.
Tata bought Jaguar Land Rover from Ford last year for $2.3bn.