UPDATE 1-India's Tata Motors Q3 net dips but beats f'casts

Newswire

(Adds detail, shares) MUMBAI, Jan 31 (Reuters) - Tata Motors Ltd , India's top vehicle maker which this month unveiled the world's cheapest car, reported a 3 percent drop in quarterly profit as high interest rates dented demand for its trucks and buses. While better roads and tougher emission and safety rules are boosting demand for trucks, high borrowing costs are preying on buyers. India's central bank this week kept rates steady, raising concerns that vehicle loan rates will remain ...

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