Tata Motors sees good growth rate in LCVs

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Tata Motors sees good growth rate in LCVs

Tata Motors has announced its second quarter numbers. It has posted standalone net profit of Rs 526.8 crore for the quarter ended September 2007 as against Rs 441.7 crore in same quarter of last year.

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Tata Motors has announced its second quarter numbers. It has posted standalone net profit of Rs 526.8 crore for the quarter ended September 2007 as against Rs 441.7 crore in same quarter of last year.

Standalone net sales increased to Rs 6,672.6 crore from Rs 6,571.8 crore.

Other income stood at Rs 70.7 crore versus Rs 84.8 crore and forex gains at Rs 7.7 crore.

The company's net sales includes Rs 169.40 crore towards transfer of technology to two subsidiary companies and gain of Rs. 30 crore on transfer of activity relating to financing of construction equipment to Tata Capital.

Ravi Kant , MD, Tata Motors said that industry growth rate is expected to be good in LCVs; not in HCVs and MCV.

For complete presser, watch video...