The auto major, Tata Motors Limited, has reported a 67.2% y-o-y jump in its consolidated net profit to INR 2,906.45 Cr for the quarter ended December, while its revenue rose by 5.5% to INR 75,653.8 Cr. The Indian business posted an expansion of 570 basis points in the operating margin to 6.8%, while JLR’s margins rose 560 bps to 15.8%. “The auto industry witnessed a strong sales momentum in Q3 FY ’21, driven by the pent-up demand and a steady recovery of the economy,” said Guenter Butschek, CEO and MD, Tata Motors.
Leave a Reply