Tata Motors has shown a solid performance in the third quarter, due to its strong position in the electric vehicle (EV) market and the impressive contributions from Jaguar Land Rover (JLR). Although some domestic sectors have seen a slowdown, the company’s commitment to innovation, operational efficiency and sustainability is driving its growth.
Tata Motors’ performance
Tata Motors, a major player in India’s automotive industry, has just shared its financial results for the third quarter, showcasing a solid performance across its various business divisions. The company’s consolidated revenue reached INR 119.5 thousand crore (USD 14.4 billion), reflecting a slight year-on-year growth of 0.4 per cent.
Additionally, the company’s EBITDA reached INR 16.7 thousand crore (USD 2.0 billion), due to effective operational efficiencies. Moreover, the net automotive debt has decreased to INR 19 thousand crore (USD 2.3 billion).
Electric vehicle market
The company’s electric vehicle (EV) market share remains strong at 55.4 per cent, keeping it at the forefront of the segment.
Commercial vehicle market
The commercial vehicles (CV) sector generated revenue of INR 21.5 thousand crore (USD 2.6 billion), a dip of 0.5 per cent YoY, while still holding an EBITDA margin of 12.2 per cent.