Tata Motors plans new vehicle launches

MUMBAI Wed Nov 7, 2012 5:40pm IST

A worker cleans a Tata Motors logo outside its showroom in Hyderabad October 26, 2009. REUTERS/Krishnendu Halder/Files

A worker cleans a Tata Motors logo outside its showroom in Hyderabad October 26, 2009.

Credit: Reuters/Krishnendu Halder/Files

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MUMBAI (Reuters) - Tata Motors Ltd (TAMO.NS) plans to launch six new passenger vehicles and 25 new commercial vehicles in the first half of the next fiscal year that starts in April, Karl Slym, the head of its domestic business, told reporters.

Earlier, the company posted a 10.5 percent gain in quarterly net profit, but lagged estimates as pricing pressures affected its Indian business margins while slowing economic growth dampened demand for commercial vehicles.

(Reporting by Kaustubh Kulkarni; Editing by Jijo Jacob)

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