Jaguar Land Rover profits surged by over 100% from \u00a3404 million ($662m) to \u00a3842 million ($1,380m) in the fourth quarter of 2013 on revenues of \u00a35.328 billion, the company announced today.\r\n\r\nJaguar Land Rover Automotive PLC is based in Coventry, England, and has been a subsidiary of the Indian car maker Tata Motors since 2008.\r\n\r\nParent company, Tata Motors\u2019 profits surged to 48 billion rupees ($768 million, \u00a3468 million). The company bought Jaguar Land Rover in 2008 for \u00a31.15bn ($2.3bn) and has invested considerably in R&D (research and development) and new models.\r\n\r\nIn Q4 2013, sales increased by 27% compared to Q4 2012, to 112,172 units. The Range Rover Sport and Jaguar XJ and XF did particularly well.\r\n\r\nRegarding the fourth quarter results, Jaguar Land Rover Chief Executive Officer, Dr. Ralf Speth said:\r\n\r\n"Our financial performance for this and the preceding quarters is a testament to the quality of Jaguar Land Rover's award winning product offerings which continue to meet the exacting standards demanded by our customers around the world."\r\nStrong emerging markets sales\r\nJaguar Land rover sold 425,006 vehicles in 2013 in the whole year, with exceptionally strong sales in India, China, Brazil and the United States.\r\n\r\nTata Motor\u2019s Indian revenue was boosted by the selling of its stake in its South Korean subsidiary to its subsidiary in Singapore.\r\n\r\nTata Motor saw Q4 2013 profits surge by 195% compared to the same quarter in 2012. Media in India say this is despite a \u201cstruggling home (India) market.\u201d\r\nSales in India poor\r\nSurging interest rates and higher fuel costs have inhibited care sales in India. Not only have the sales of Tata\u2019s cars suffered domestically, but also the sales of buses and trucks. Except for the June 2013 quarter, Tata\u2019s domestic unit has had successive quarterly losses since Q3 2013.\r\n\r\nSantanu Choudhuri wrote in Wall Street Journal that domestic sales in India in the personal car and SUV (sports-utility vehicle) markets because of cut-throat competition and a lack of new products. He added that \u201cHigh ownership costs and fear of job losses in the Indian economy, which is growing at its slowest pace in several years, has also been hurting demand.\u201d\r\n\r\nThe sale of Tata-branded vehicles declined by 36% to 131,087 units.