Tata Motors Result: Tata Motors has made a profit of Rs 3,783 crore in the second quarter (July-September) of the current financial year 2023-24. The company’s profit has increased due to the strong performance of its British unit Jaguar Land Rover. This has been the fourth consecutive quarter when the company’s profit has increased.
Jaguar Land Rover (JLR) revenue increased
Jaguar Land Rover (JLR), meanwhile, reported second-quarter revenue of 6.9 billion pounds, up 30 percent year-on-year. The company’s earnings have increased on the back of higher wholesale sales, cost-cutting, and investment in demand generation.
TATA Motors previous result
Tata Motors had suffered a loss of Rs 1,004 crore in the same quarter last year. Its operating income during the quarter was Rs 1,05,128 crore, which was Rs 79,611 crore in the same quarter a year ago. The company said passenger vehicle sales declined 2.7 percent year-on-year to 1,39,000 units in the second quarter.
Tata Motors has reported a profit of Rs 3,783 crore in the second quarter.
The strong performance of their British unit, Jaguar Land Rover, contributed to Tata Motors’ increased profit.
Tata Motors reported a 2.7 percent year-on-year decline in passenger vehicle sales to 1,39,000 units in the second quarter.
Jaguar Land Rover produces a range of vehicles, including luxury sedans, sports cars, SUVs, and off-road vehicles.
Jaguar Land Rover popular models: Jaguar F-Type, Jaguar XE, Land Rover Range Rover, and Land Rover Discovery.
Yes, Jaguar Land Rover has been expanding its electric and hybrid vehicle offerings, with models like the Jaguar I-PACE electric SUV.