India's largest truck and bus maker, Tata Motors today reported its second quarter results for fiscal year 2011 , a massive 102-fold jump in its consolidated net profit for the quarter ended September 30 at Rs 2,222.99 crore on account of robust demand across categories.
The company had posted a net profit of Rs 21.78 crore in the corresponding period last year, Tata Motors said in a statement.
The consolidated total income from operations during the second quarter also increased by 36.48 per cent to Rs 28,782 crore from Rs 21,088.45 crore in the year-ago period, it added.
"Favorable macroeconomic conditions, good monsoons and good finance availability led to robust domestic demand during the quarter, resulting in volume growth across all segments," the company said.
src-BS & Rediff
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Tata is doing very well in this sector of trucks and buses.They are value for money for these transport lines.
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