RPT-India's TELCO sees growth easing after Q2 profit

Newswire

By Suresh Seshadri BOMBAY, Oct 30 (Reuters) - India's largest truck maker, Tata Engineering & Locomotive Co Ltd (TELCO), posted a lower-than-expected second-quarter net profit on Wednesday, recovering from last year's loss as vehicle sales surged. But it said it expected truck and bus sales to ease in the rest of the year to March 2003 as the impact of a widespread drought dents output in India's vital farm sector. TELCO Finance Director Praveen Kadle told an earnings news ...

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