Tata Motors posts 89% revenue growth in Q3

Tata motors, India’s top automaker announced a turnaround growth of Rs400 crore net for 3rd quarter of FY200910 compared to a loss of Rs263 crore the previous year.
The revenues stood at Rs 8980 crore. The easy loans, coupled with an array of new vehicles launched across segments have contributed to the growth. Tata has the worlds supposed to be the cheapest commercial car Nano, New indica hatchback, Manza midsize Sedan, 28 seater Tata Marcopolo bus, CV Prima rolled out to Indian market.

However the growing commodity prices and RBI’s increase of CRR by 75% basis point, hinting at increase in loan rates would be of cause to worry for the next couple of quarters.