India's Tata Motors Q2 net up 19 pct, beats f'cast

Newswire

MUMBAI, Oct 31 (Reuters) - India's top vehicle maker, Tata Motors Ltd , reported on Wednesday a surprising 19 percent rise in quarterly net profit, beating analysts forecast on higher sales. The New York-listed firm , which has about 60 percent of India's $7 billion truck and bus market, said standalone net profit rose to 5.27 billion rupees ($134 million) in the fiscal second quarter to Sept. 30 from 4.42 billion a year ago. The result beat a Reuters poll forecast for 3.89 billion ...

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