Tata Motors posts Q2 profit on strong commercial vehicle demand
New Delhi, Oct. 23 -- India's Tata Motors on Friday posted a quarterly profit compared to a loss a year earlier, helped by healthy demand for commercial vehicles.
The automaker reported a profit of 21.38 billion rupees ($225.19 million) for the July to September quarter, compared with a loss of 10.21 billion rupees a year earlier. The profit included a one-time gain of 2.18 billion rupees.
Commercial vehicle demand remained resilient in the quarter, led by steady freight movement, government-led infrastructure activity and healthy fleet utilisation, supporting growth in the medium and heavy truck segment, a key revenue generator for Tata Motors.
Total revenue from operations rose 41.9% to 239.30 billion rupees, helped by a 42% increase...
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