Tata Motors, India's largest automobile company, today reported a fall of 7.09% in the consolidated net profit for the quarter ended Sept. 30, 2014, due to weak sales performance at its domestic business. Net profit stood at Rs 32.91 billion as compared to Rs 35.42 billion in the same period last year.
Total income has increased by 6.50% to Rs 605.64 billion for the quarter ended Sept. 30, 2014 from Rs 568.67 billion in the year ago period. "Continuing weak operating environment in the standalone business which was more than offset by, increase in wholesale volumes, richer product mix and market mix at Jaguar Land Rover (JLR)."
The sales including exports of commercial and passenger vehicles for the quarter ended Sept. 30, 2014, stood at 1,27,220 units, a decline of 15.7%, as compared to the corresponding quarter last year.
