The Indian owner of Jaguar Land Rover has released revised profit figures to prove the company is on the up.

Putting losses down to tax write-offs, Tata Motors said day-to-day it was seeing profitability, according to the Liverpool Echo.

Tata Motors purchased Jaguar Land Rover, including the Halewood plant where the Freelander in made, earlier this year.

It has reported a half year operating loss of £207 million compared with profit of £327 million.

Compared with an operating loss of £193 million in 2006 and a full year profit of £351 million last year, the performance of Jaguar Land Rover appears to be improving.

Indeed the chairman of an engineering sector firm AE Harris & Co Russell Luckock forecast production of 4x4s would stay in this country, reported Sky News.

Tata Motors released revised profit figures after facing criticism in the Indian media which it claimed was wrong.

It has released a prospectus inviting investors to buy shares in the business on the Bombay Stock Exchange.