India's TVS Motor misses forecast as costs weigh

Newswire

* Profit up 1.4 pct, revenue up 7 pct * Two-wheeler sales flat during quarter * Increased input costs drag Jan 31 (Reuters) - TVS Motor Co, India's No. 3 two-wheeler maker, missed estimates with a 1.4 percent rise in quarterly profit as increased raw material costs hit the company's margins. Motorcycle makers in India maintained strong sales in 2011 as carmakers saw volumes fall on high interest rates and rising fuel prices, but increased commodity costs have hurt margins across the auto ...

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