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UPDATE 2-Tata Motors net profit down 56 pct as Jaguar Land Rover Chinese sales drop

MUMBAI/ NEW DELHI, May 26- Tata Motors Ltd, India's biggest automaker by revenue, reported a surprise 56 percent drop in quarterly net profit on Tuesday, hit by cooling demand for its sleek Jaguar saloons and sporty Range Rovers in the key Chinese market. The company said it expected mixed economic conditions in China, the world's largest auto market, and other...
Source: Reuters | By: Zeba Siddiqui and Aditi Shah