INDIA: Hindustan Motors posts net profit of US$2m

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For the quarter ended 31 March 2014, Hindustan Motors' net sales fell to INR917.2m (US$14.9m), from INR1.72bn in the same year-ago period. The company recorded a profit of INR124.4m, compared with a loss of INR11.6m in the same period of the previous fiscal year.