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Tata Motors plans six new passenger vehicles in the first half of next fiscal year

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Mumbai:

Tata Motors plans to launch six new passenger vehicles and 25 new commercial vehicles in the first half of the next fiscal year that starts in April, Karl Slym, the head of its domestic business, told reporters.

Earlier, the company posted a 10.5 percent gain in quarterly net profit, but lagged estimates as pricing pressures affected its Indian business margins while slowing economic growth dampened demand for commercial vehicles.

Copyright @ Thomson Reuters 2012



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