Tata Motors 2009-2010 Q1 Net Profit Up By 57.5%
Tata Motors, the Indian automobile major, has reported 57.5% increase in its net profit at Rs.513.7 crore for the quarter ended June 30, as compared to Rs.326.11 crore in the like period last fiscal.
Total income has witnessed a decrease by 7% to Rs.6,723.9 crore from Rs.7,244 crore.
"Improvement in liquidity, increased reach across the country and introduction of new products and variants improved the company's sales, except in the case of the heavy truck segment," it added.
The company reported a marginal decrease of 1.4% in domestic sales at 122,120 vehicles.
"The exports at 5,220 vehicles continued to be severely impacted (negative 43 percent) in the wake of continuing turbulent global environment resulting in total sales volume at 127,340 vehicles, a decline of 4.3 percent," the company added.
The auto giant, who owns luxury car brands Jaguar and Land Rover and recently launched the world's most inexpensive car Nano, said its passenger vehicle sales declined 10% in the domestic market to 45,846 units.