UPDATE 1-Eicher Motors Q2 net trebles on one-time gain

Newswire

(Recasts, adds details, quotes) NEW DELHI, Oct 29 (Reuters) - Eicher Motors Ltd , India's third largest truck maker, on Wednesday said quarterly net profit trebled on a one-time gain, even as sales fell on tight financing and high input prices crimped margins. High interest costs and stricter lending by banks have dampened demand for trucks and buses in India. Sales of these commercial vehicles rose 3.8 percent between April and September, declining from the 4.1 percent expansion in ...

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