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Tata Motors Q1 net rises 58%

Tata Motors posted robust results for the June quarter, defying market forecasts and registering a 58 per cent rise in net profit for the period.

The Tata Group firm said its profit for the the first quarter of 2009-10 rose to Rs 514 crore, from Rs 326 crore a year ago, even though its revenues slipped 8 per cent to Rs 6,404 crore because of weaker sales of its mainstay heavy trucks.