Tata Motors clocks a profit of Rs 570.71 cr for Q2

Mumbai, Oct 31 (UNI) Tata Motors has recorded a net profit of Rs 570.71 crore for the second quarter ended September, 2007 as compared to Rs 441.72 crore in the same period last year.

Total income for the quarter has increased to Rs 6,743.31 crore from Rs 6,670.03 crore in the previous year period.

The quarter continued to witness high input costs, increased competitive activity and the high interest rate regime affecting retails in the domestic market in varying degrees between commercial and passenger vehicles segment.

During the first half, the Company launched several new vehicles.

In passenger vehicles, the Company introduced the Indigo LS and expanded the long wheel base Indigo XL Classic.

During the period, the Company improved market share in medium and heavy trucks but lost market share in the bus segment mainly on account of certain supply chain shortages, a release said.

UNI