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Tata Motors net profit up

MUMBAI: Higher input costs and a drop in the sale of medium and heavy commercial vehicles (M&HCV) affected Tata Motors’ financial performance in the first quarter of 2007-08.

On a standalone basis, the company’s revenues were up five per cent at Rs. 6,056.82 crore (Rs. 5,749.56 crore) with profit before tax at Rs. 592.13 crore (Rs. 498.25 crore), an increase of 19 per cent. The net profit was up 22 per cent at Rs. 466.76 crore (Rs. 381.85 crore).

Addressing the media, Ravi Kant, Managing Director, Tata Motors, said vehicle sales in the domestic market were impacted due to the high interest rate regime affecting retails.

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