The company's revenues (net of excise) rose by 4.6 per cent for FY08 to Rs 28,730.82 crore compared to Rs 27,470 crore a year ago.
The company's margins were under pressure during the year due to rising interest rates, constraints in availability of vehicle financing from outside sources and increase in input costs.
Tata Motors said that there has been delay in introducing two products in the market.