Tata motors Q1 profit down by 30%

Tata motors is one of the leading vehicle manufacturer.tata motors announced its first quarter results,net profit down by 30.13% in net profit to Rs 326crore in june quarter due to forex losses on its long-term loans and increase in the cost of raw materials.
Tata motors MD Ravi kant said,"The pressure from raw materials price raises has become very high.This year will be most challenging year forAutomobile industry.We have not increased prices earlier and the process will continue."
Q1 2007 gain:Rs 205.89 cr
Q1 2008 loss:Rs 199.88 cr