Tata Motors Q1 net falls 30 pct, meets forecast


MUMBAI, July 30 (Reuters) - Tata Motors Ltd , India's top vehicle maker, reported a 30 percent fall in quarterly profit, meeting forecasts, as rising interest rates and high raw material costs dented demand for its trucks and buses. Tata Motors, due to launch the Nano, the world's cheapest car, around October, said April-June net profit fell to 3.26 billion rupees ($77 million) from 4.67 billion rupees a year earlier. A Reuters poll had forecast net profit of 3.20 billion rupees on net ...

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