The Turnover of the vehicle manufacturer, however, has almost doubled to a whopping Rs.70,938.85 crore last year from a Rs.35,660.07 crore in 2007-08. This information related to the profit was given to the media by the company spokesperson.

Tata Motors, the country's third largest passenger car maker and the largest player in the commercial vehicle segment, sold 498,581 units in 2008-09, 14.4 percent down from the 582, 390 units which were sold during 2007-08.

The company, which purchased iconic British car brands Jaguar and Land Rover (JLR) from Ford Motors last year receives almost a third of its revenues from the JLR unit.

Last year saw the revenues declining and the JLR posted a loss of $383 million in the initial six months of 2008.

Tata Motors was also involved in a land row in West Bengal's Singur for its upcoming small car Nano, which has delayed the project by over six months. Tatas wound up the Singur plant and set up another near Ahmadabad in Gujarat.