Tata Motors first-quarter profit rises 42 per cent

Tata Motors Ltd posted a 42 per cent rise in quarterly profit on Wednesday.

Profit was 31.82 billion rupees ($498.73 million) in the first quarter ended June 30, compared with 22.36 billion rupees a year earlier, the company said. 

The automaker, owned by the software-to-salt conglomerate Tata Group, said its total income fell about 10 per cent to 599.72 billion rupees.