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Tata Motors swings to profit but warns 'scorching' growth will cool

Jaguar Land Rover parent beats estimates for October-December earnings

Jaguar Land Rover turned profitable in the October-December quarter, helping drive Tata Motors to a group profit.   © Reuters

BENGALURU -- Passenger car sales in India could moderate after last year's "scorching growth," a top Tata Motors executive said on Wednesday as the automaker reported a profit for the first time in two years.

"In passenger vehicles, the worry would be whether there is a market slowdown happening," P.B. Balaji, group chief financial officer, told a news conference.

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