UPDATE 1-High rates, rupee hurting India autos-Tata Motors

Newswire

(Adds quotes, background) MUMBAI, Sept 27 (Reuters) - India's auto industry is facing pressure from high interest rates and other costs, while an appreciating rupee is hurting exports, the managing director of Tata Motors Ltd said on Thursday. "It is certainly a very challenging position at the moment," Ravi Kant told reporters on the sidelines of a conference. New York-listed Tata Motors , which is in the race to buy Ford Motors' premium brands Jaguar and Land Rover, is India's top ...

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