Tata Motors cuts prices of Indica cars from March 1

Newswire

MUMBAI, Feb 28 (Reuters) - Tata Motors Ltd. , India's number three car maker, said on Tuesday it would cut prices of its Indica models from March 1 following a reduction in excise duty in the federal budget for the year to March 2007. The level of price reduction will be determined later, a spokesman for the company said. Shares in Tata Motors, also India's top bus and truck maker, rose nearly 4 percent to an all-time high of 816 rupees. India's finance minister on Tuesday proposed to ...

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