Tata Motors returns to profit with Rs.1,254 crore in Q2 earnings as CV sales rise 42%
New Delhi, Oct. 23 -- India's largest commercial vehicle maker Tata Motors Ltd returned to profit in the July-September quarter as higher sales and a smaller loss on equity investments in Tata Capital lifted its bottom line as the company said it expects to begin integrating Italian truck maker Iveco Group into its operations in the January-March quarter.
The Mumbai-based truck and bus maker reported a net profit of Rs.1,254 crore, compared with a loss of Rs.867 crore in the year-earlier period. Revenue rose 36% year-on-year to Rs.25,338 crore, driven by higher sales and market-share gains.
Sales rose 42% to 135,100 units during the quarter. Tata Motors' overall domestic commercial vehicle market share, based on data from the government...
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