Tata Motors q3 net drops to Rs1627 crores

India's top commercial vehicle maker Tata Motors produceds a disappointing set of results with net profits for Q3 FY 2013 dropping 52 percent year-on-year to Rs 1,628 crore in the quarter.

Consolidated revenues increased 1.8 percent to Rs 46,090 crore, from Rs 45,260.3 crore during the same period, boosted by strong demand.

The stock of Tata Motors dropped by 2.94 per cent on the National Stock Exchange.

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