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 ...
Premium Content (PAID Subscription Required)
"Tata Motors net profit jumps 22 pct, beats f'cast" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.