Tata Motors Q1 net rises 42% to Rs 3,182 cr on JLR's pension plans

Changes to the way JLR's pension payments are calculated resulted in a one-time gain of Rs 3,609 cr

Tata Motors Ltd posted a 42% rise in quarterly profit on Wednesday.

Profit was Rs 3,182 crore in the first quarter ended June 30, compared with Rs 2,236 crore a year earlier, the company said. 

The automaker, owned by the software-to-salt conglomerate Tata Group, said its total income fell about 10% to Rs 59,972 crore versus Rs 66,339 crore a year ago.

After announcing results, the company said, "First quarter results have not met our expectations." It plans to launch its new car Nexon in September.

The company made a one- time gain of Rs 3,609 crore related to the