Tata Motors Q2 net profit down by 34 pc

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Mumbai, Oct 31 (UNI) Tata Motors has posted a net profit of Rs 346.99 crore for the second quarter ended September 30, 2008, down by 34.1 per cent from Rs 526.84 crore in the corresponding period last year.

The Company, in a release, attributed the decline to high interest rates and continued lack of financing.

Company's total income in period under review rose by 11.34 per cent at Rs 7,508.13 crore as compared to Rs 6,743.19 crore in the corresponding quarter of the previous year.

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