India's Tata Motors Q2 net up 49 percent on year

Newswire

BOMBAY, Oct 29 (Reuters) - India's top truck and bus maker Tata Motors Ltd. said on Friday its second quarter net profit rose a better-than-expected 49 percent on the year to 3.09 billion rupees from 2.07 billion a year ago. New York-listed Tata Motors , in which DaimlerChrysler AG owns about 7 percent, said total income rose to 42.18 billion rupees from 32.0 billion rupees. Other income more than trebled to 705.9 million rupees. Tata Motors' board of directors said it had approved of ...

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