UPDATE 1-Tata Motors Q2 profit up on truck, car sales

Newswire

(Adds details, background, share price) BOMBAY, Oct 29 (Reuters) - India's top vehicle maker, Tata Motors Ltd. , reported a 49 percent rise in second-quarter profit on Friday, as a robust economy boosted truck sales and cheap loans helped shift more new cars. Tata, the leader in India's truck and bus industry and the number three producer of cars and utility vehicles, has ridden a 30-month boom in truck sales to move more freight in Asia's fast-growing, fourth-largest economy. Its ...

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