UPDATE 2-Indian Tata Motors profit up 26 pct, beats forecasts

Newswire

(Adds further details, quotes from the news conference) MUMBAI, May 18 (Reuters) - India's top bus and truck maker Tata Motors Ltd. beat forecasts with a 26 percent rise in quarterly net profit on Friday, helped by sales of higher-margin trucks. The New York-listed company , which has about 60 percent of India's $5 billion truck and bus market, said net profit rose to 5.77 billion rupees ($141 million) in its fiscal fourth-quarter to March, on net sales which grew 20.3 percent to 82.67 ...

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