Tata Motors plans new vehicle launches
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)
- Tweet this
- Share this
- Digg this
Trending On Reuters
The Reserve Bank and the finance ministry have agreed, in the biggest change to monetary policy since opening up India's economy more than two decades ago, to introduce inflation targetting to rein in a long history of volatile price rises. Full Article | Factbox
India's "less aspiring" fiscal consolidation strategy negative for ratings Full Article
China Feb HSBC PMI at seven-month high but more rate cuts seen on the cards Full Article