UPDATE 1-Tata Motors Q2 net rises 9 pct, warns on margins

Newswire

(Adds details) MUMBAI, Oct 25 (Reuters) - India's top vehicle maker, Tata Motors Ltd. , posted a lower-than-expected 9.4 percent rise in quarterly net profit on Tuesday and forecast more pressure on margins due to high raw material costs. Tata Motors, with nearly 60 percent of India's truck and bus market, said operating margin fell to 12.05 percent during the quarter from 12.5 percent a year earlier. The company, also India's third-biggest car maker, said margins would continue to be ...

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