NEW DELHI (AP) _ Tata Motors Ltd., India's largest automobile
manufacturer, said Friday its profit in the most recent quarter rose
26 per cent from a year ago, driven by strong sales of trucks and
Tata's net profit grew to 5.76 billion rupees (US$140 million) in
the January-March quarter from 4.58 billion rupees in the same
period last year, the company said in a statement.
Tata cars, buses and trucks are sold in Europe, Africa, the
Middle East, and in Asia and Australia.
The number of vehicles sold by the company rose 16 per cent to
172,355, boosting its revenue for the quarter to 82.67 billion
rupees ($2.01 billion) from 68.69 billion rupees a year ago.
Unit sales of trucks and buses grew 22 per cent, while that of
passenger cars and jeeps rose 14 per cent, the statement said.
The company has a joint venture with Italian carmaker Fiat to
manufacture cars and engines for the Indian and overseas market. It
plans to assemble and sell pickup trucks in Thailand in another
joint venture with Thailand's Thonburi Automotive Assembly Plant
Tata Motors is part of the Tata group, one of India's leading
business conglomerates with interests spanning steel, software
services, hotels, chemicals, insurance and asset management, among
The company was set up in 1954 and is now listed on the New York
The numbers released Friday conform to Indian accounting
standards. Numbers that meet U.S. accounting standards were not