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India's Tata Motors posts rise in profit on higher demand

India's Tata Motors posts rise in profit on higher demand

- Tata Motors TATM.NS reported a higher quarterly profit on Wednesday, aided by demand from infrastructure, logistics and freight customers, which helped counter an uptick in commodity costs.

The automaker reported a net profit of 15.28 billion rupees ($160.29 million) for the April to June quarter, compared to 14.11 billion rupees a year earlier.



($1 = 95.3300 Indian rupees)


(Reporting by Saikeerthi in Bengaluru)

((Saikeerthi@thomsonreuters.com;))

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