Tata Motors net profit jumps 22 pct, beats f'cast

Newswire

BOMBAY, July 29 (Reuters) - India's top vehicle maker, Tata Motors Ltd. , beat market forecasts on Friday with a surprise 22 percent rise in quarterly net profit, as strong sales of buses and trucks offset high raw material costs. The company, with more than a 60 percent share of India's truck and bus market, said net profit rose to 2.73 billion rupees ($63 million) in the first quarter to June from 2.23 billion a year earlier. This comfortably beat a median forecast of 1.9 billion ...

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