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Ashok Leyland slaps a notice on Nissan

Carmaker Tata Motors reported a 2% decline in consolidated net profit at Rs 3,508 crore for the quarter ending December 2015 as against Rs 3,580 crore in December 2014.

Sales rose 4% tlo Rs 71,670 crore as compared to Rs 69,120 crore in the year-ago period.

The Jaguar Land Rover net during the quarter declined 26% to 440 million pounds as against 593 million pounds in December 2014.

At 1520 hours, the company's scrip on BSE was trading 5% lower at Rs 277.