India TVS Motor profit falls on costs, competition


MUMBAI, June 28 (Reuters) - TVS Motor Co. , India's third-biggest motorbike maker, said on Thursday it expected pressure on its margins to persist in the first half of its fiscal year due to high costs of raw materials and competition. But pressure will ease in the second half of the year to March 2008 because of new product launches and cost-cutting measures, it said. The Chennai-based company reported a worse-than-expected 69 percent fall in its fourth-quarter net profit to 90.5 ...

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