Tata Motors first-quarter profit rises 42%

Tata Motors Ltd posted a 42 percent 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 percent to 599.72 billion rupees.