india\s tata motors profit lags forecast
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

India\'s Tata Motors profit lags forecast

Arab Today, arab today

Arab Today, arab today India\'s Tata Motors profit lags forecast

Mumbai - AFP

India\'s top vehicle maker Tata Motors on Thursday posted a rise in quarterly sales but stagnant profits as rising raw material costs affected its bottom line. The auto giant reported a consolidated net profit of 20 billion rupees ($444 million dollars) in the three months to the end of June, up 0.6 percent year-on-year from 19.88 billion rupees. Analysts had expected profit around the 21 billion rupees mark. Sales for the April-June period jumped 24 percent to 333.91 billion rupees, said the company, which owns British luxury car brands Jaguar and Land Rover. Tata Motors, part of the salt-to-steel Tata conglomerate, which manufactures utility vehicles and the ultra-low-cost Nano car, said cost pressures, including commodity price rises, resulted in lower operating margins.Steel, rubber and aluminium prices -- all important raw materials for cars -- have been rising and auto makers, including Tata Motors and Maruti Suzuki, have passed on the burden to buyers by raising vehicle prices in India.The latest data includes sales of Jaguar and Land Rover vehicles. The luxury unit reported a fall in net profit of 3.09 percent to 219 million pounds, the statement said, from 226 million pounds in the same period a year ago. Sales of vehicles touched 62,090 units, up five percent year-on-year. Indian car sales slid almost 16 percent in July from a year ago, their biggest drop in nearly three years, as steeper borrowing costs kept buyers out of the showrooms, industry data showed on Wednesday.Indian car sales -- viewed as a barometer of overall economic health -- plunged to 133,747 units from 158,767 in the same month last year. Last month, India\'s top passenger car maker Maruti Suzuki showed a surprise 18-percent jump in quarterly net profit to 5.5 billion rupees ($124 million) but warned of sluggish sales as higher interest rates crimp consumer borrowing.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india\s tata motors profit lags forecast india\s tata motors profit lags forecast

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india\s tata motors profit lags forecast india\s tata motors profit lags forecast

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 01:41 2017 Saturday ,12 August

Moroccan video sparks debate on sexual harassment
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday