by Amruth Sundarkumar | Jul 28, 2022 | Corporates, India
India’s Tata Motors reported a widening net loss of INR 49.5bn ($620mn) on a consolidated basis for the quarter ended June 2022, vs. a net loss of INR 44.5bn ($560mn) a year ago. While the company’s revenues grew 8.3% YoY to INR 719.3bn ($9bn), global arm...
by Amruth Sundarkumar | May 31, 2022 | Corporates, India
Tata Motors’ subsidiary, Tata Passenger Electric Mobility Ltd (TPEML), and Ford India Private Limited (FIPL) have signed a Memorandum of Understanding (MOU) for the potential buying of FIPL’s Gujarat based Sanand vehicle manufacturing facility. This includes...
by Amruth Sundarkumar | May 13, 2022 | Corporates, India
Tata Motors reported a consolidated net loss of INR 9.92bn ($128mn) in the quarter ending March 2022, narrowing the net loss from INR 75.85bn ($980mn) in the previous year. The automaker posted revenues of INR 784bn ($10.1bn),11.5% lower YoY on account of lower Jaguar...
by Amruth Sundarkumar | Feb 3, 2022 | Corporates, India
Tata Motors reported a quarterly net loss of INR 15.2bn ($203mn) for Q4 2021, vs. a profit of INR 29.1bn ($390mn) a year earlier. Consolidated revenues stood at INR 722.3bn ($9.7bn), down 4.5% YoY. Jaguar Land Rover (JLR) said that its sales remain constrained by chip...
by Amruth Sundarkumar | Jan 13, 2022 | Financial News
Tata Motors reported weak Jaguar Land Rover (JLR) sales numbers for the quarter ended December on account of continued disruptions due to semiconductor shortages. Retail sales for the quarter came in at 80,126 vehicles, down 13.6% vs. the prior quarter and down 37.6%...
