Tata Motors posts net profit of Rs 2,571 cr in FY10

Auto maker Tata Motors has posted a consolidated net profit of Rs 2 , 571.06 crore during the financial year 2009-10 compared to a loss of Rs 2 , 505.25 crore in the last financial year. The company's good performance may be driven by new launches , cost-efficiency and car price increase.

Tata Motors has also recorded a consolidated total income of Rs 92 , 519.25 crore during the fiscal year compared to a consolidated total income of Rs 70 , 880.95 crore in 2008-09. The company sold 6 , 67 , 971 units of its vehicles in the year 2009-10.

"Volume recovery led by introduction of new products and strong continued growth in the existing portfolio , continued focus on cost efficiencies and price increases undertaken by the company to combat strengthening commodity prices aided the company to grow realisations , " said a press release from Tata Motors.