Tata Motors net falls 51%
Tata Motors net falls 51%
Last Updated : May 30 2009 | 12:00 AM IST
India's automobile major Tata Motors Ltd reported a smaller-than-expected 50.7 percent drop in the annual profit while sales picked up in the March quarter and raw material prices fell. Addressing the media persons in Mumbai on friday, C Ramakrishnan, Chief Financial Officer of Tata Motors mentioned that exports of the company had dropped by around 38 percent.