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India's Tata Motors profits dive 56 percent

2015-05-26 18:59:22| Automakers - Topix.net

India's largest carmaker Tata Motors reported a 56 percent slump in quarterly net profit on Tuesday due to weak earnings from its luxury British unit and sluggish domestic sales. Consolidated net profit for the fourth quarter which ended March 31 slumped to 17.17 billion rupees from 39.18 billion rupees during the same period a year earlier, the Mumbai-based company said.

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