Tata Motors first-quarter profit up 42%

Reuters: Tata Motors Ltd has posted a 42% rise in quarterly profit on Wednesday.

Profit was Rs. 31.82 billion ($ 498.73 million) in the first quarter ended 30 June, compared with Rs. 22.36 billion a year earlier, the company said. 

The automaker, owned by the software-to-salt conglomerate Tata Group, said its total income fell about 10% to Rs. 599.72 billion.