UPDATE 1-Tata Motors Q1 net falls 30 pct on fx, input costs

Newswire

(Adds stake sale in unit, forex loss, CFO comment on margins) By Rina Chandran MUMBAI, July 30 (Reuters) - Tata Motors Ltd , India's top vehicle maker, saw its June quarter profit drop 30 percent, in line with forecasts, on foreign exchange losses and as rising input costs squeezed margins. Tata Motors, which is due to launch the Nano, the world's cheapest car, around October, expects margins to remain under pressure due to costs of inputs such as steel, chief financial officer C. ...

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